Wall Street Journal | Chevron said it has an “aspiration” to reduce or offset carbon emissions from its operations to zero by 2050. Chevron’s net-zero announcement was...
In the media
How to reform the oil industry from within
Mark van Baal, founder of Follow This, explains in an interview with American magazine Mother Jones why oil companies have to change – and how shareholders can play a...
ConocoPhillips bets $23 bln on U.S. shale oil as rivals retreat
Reuters – ConocoPhillips Chief Executive Ryan Lance on Monday doubled down on U.S. shale and the world’s continued demand for oil with his second blockbuster...
Radio1 interview Follow This: Dutch pension fund PME stops investing in fossil fuels
One of the larger Dutch pension funds PME will stop investing in fossil fuels. 1.2 billion euros in shares will now be available for wind farms and other new energy...
Facing investor pressure, Chevron to boost ‘lower carbon’ spending
Chevron said Tuesday it will lift spending on lower carbon energy while still investing primarily in fossil fuels as it updated its climate strategy in the face of investor...
Chevron stops short of sharp emissions reductions despite investor rebuke
Months after U.S. oil and gas giant Chevron faced backlash from its own investors over its progress on climate change, CEO Mike Wirth sidestepped the term that has dogged...
Big headlines following Big Oil’s 2021 AGM season
– INVESTOR BRIEFING – We hope that the events of May have left you feeling as optimistic as we do about our joint fight against climate change. Many thanks to...
Behind Shell’s strategy to get into green energy
New York Times – Ben van Beurden, the chief executive of Royal Dutch Shell, has been talking about the need to cut emissions since 2017. In the view of some, though,...
The Retreat of Exxon and the Oil Majors Won’t Stop Fossil Fuel
Bloomberg – National oil champions are likely to fill the gap left by private-sector players—meaning emissions won’t shrink as fast as the supermajors. The...
‘Change is Coming.’ Activists Just Scored Big Wins Against ExxonMobil, Chevron and Shell
Time – The transition away from fossil fuels has come in fits and starts in recent years. On Wednesday, it took a giant lurch forward. At Chevron, the vote to cut...
Chevron Investors Back Follow This Climate Proposal
Bloomberg – Chevron shareholders voted for a proposal to reduce emissions from the company’s customers, the latest sign that oil titans are coming under increasing...
Three More Wins Today For The Global Agenda To End Fossil Fuels
Forbes – The clean energy agenda landed three heavy punches on the chin of the fossil fuels industry today. Punch #1: A Dutch court ruled that the oil giant Shell has...
ExxonMobil and Chevron suffer shareholder rebellions over climate
The Guardian – US oil giants ExxonMobil and Chevron have suffered shareholder rebellions from climate activists and disgruntled institutional investors over their...
Dutch court: Shell must cut emissions by 45% by 2030 in landmark case
CNBC — A Dutch court on Wednesday ruled oil giant Royal Dutch Shell must reduce its carbon emissions by 45% by 2030 from 2019 levels. The landmark ruling comes at a time...
ExxonMobil and Chevron braced for showdown over climate
The Guardian – Battle billed as key test of shareholder resolve to push for more climate action from major polluters. US oil giants ExxonMobil and Chevron are braced...
Influential investor joins shareholder rebellion over Shell’s climate plan
The Guardian – Legal & General Investment Management, Britain’s biggest fund manager, piles pressure on oil firm. Britain’s biggest fund manager has piled pressure...
Climate activist shareholders to target US oil giant Chevron
The Guardian – Follow This leads investor rebellions demanding reduced carbon emissions to tackle global heating The climate activist shareholder group that has led...
Oil giant Shell secures investor backing for its energy transition strategy, but a growing minority rebel
CNBC – shareholders on Tuesday overwhelmingly voted in favor of the oil giant’s energy transition plans at its annual general meeting, though a growing minority...
“A great day for the fight against climate change”
Watch our immediate response to the doubling in votes for the Follow This climate resolution at the virtual Shell AGM in Nieuwsuur. Mark van Baal: “shareholders are...
Shell faces shareholder rebellion over fossil fuel production
The Guardian – Shell has faced a significant shareholder rebellion on a vote calling for the oil company to set firm targets to wind down fossil fuel production. A...
Follow This on CNBC: Oil and gas bosses will only listen to major shareholders
Follow This Founder Mark van Baal discusses Shell’s sustainability plans ahead of the company’s AGM and the group’s campaign to hold the largest oil and gas companies...
Shell shareholders increase pressure for further climate action
Reuters – Royal Dutch Shell shareholders overwhelmingly backed the company’s energy transition strategy on Tuesday, but increased support for a second climate...
Follow This on Yahoo: ‘We need the oil industry to rapidly change’
Follow This Founder Mark van Baal joins Yahoo Finance’s Aikiko Fujita to discuss ways shareholders can implement environmental change by putting pressure on oil...
Eco investors turn up the heat on Shell over climate target
The Guardian – Voting at the oil giant’s annual meeting this week could see Follow This activists making trouble over emissions. Shell is braced for its largest...
Meet the Dutchman twisting the arm of the world’s most powerful polluters
DutchNews.nl – On Tuesday, at Royal Dutch Shell’s AGM in The Hague, one man − supported by a growing army of shareholders − will tackle Europe’s highest grossing...
Advisory firm PIRC slams Shell on climate strategy before AGM
Reuters – Shareholder advisory PIRC recommended investors vote against Shell’s non-binding resolution on its energy transition strategy on Tuesday, setting up a...
BP Shareholder support for demands of campaign group Follow This more than doubles
Financial Times – BP dodges new climate target calls as activist pressure grows Shareholder support for demands of campaign group Follow This. BP has fended off a...
BP shareholders reject proposals to reduce climate emissions
The Independent – Just 21% in favour of resolution by activist investors proposing tougher emissions targets. BP shareholders have voted down proposals for tougher...
BP shareholder vote shows increased support for tougher climate targets
Reuters – A resolution from a climate activist group demanding BP set tougher emission reduction targets was supported by 20.6% of shareholder votes on Wednesday,...
ConocoPhillips shareholders back proposal to set Scope 3 targets
Reuters – A majority of shareholders at U.S. oil and gas producer ConocoPhillips on Tuesday voted in favor of setting emissions reduction targets that include the use...
58% of ConocoPhillips investors vote in favor of Follow This proposal
Bloomberg | A majority of ConocoPhillips investors rebuffed the company’s board to back a full-scope emissions reductions target at its annual meeting today, according to...
Big Oil and its green ambitions could be about to get a serious reality check
CNBC – The month of May promises to be a ground-breaking one for Big Oil. Oil and gas majors on both sides of the Atlantic are preparing to hold their annual...
Challenging BP, ConocoPhillips, Shell to Accelerate Climate Action at their Annual Meetings
Union of Concerned Scientists – Annual general meetings (AGMs, also known as annual shareholders’ meetings) of major oil and gas companies targeted by UCS’s campaign...
Radio 1: New York City sues Shell, Exxon, and BP for misleading consumers about climate change
The City of New York has filed a lawsuit in state court against Exxon Mobil, Shell, and BP for allegedly misleading New York consumers about the role their products play in...
Breakthrough in USA: SEC forces oil companies to hold investor votes on emission targets
Financial Times – March 20 2021 The US Securities and Exchange Commission (SEC) has directed two of America’s biggest oil companies to hold shareholder votes on...
Follow This on Dutch news: “investment Shell is not enough to stop climate change”
Dutch NOS Eight O’Clock News gives a concise summary of Shell’s new strategy and plans for a sustainable future. Shell will invest a couple of billion a year in renewable...
Shell unveils ‘accelerated’ net zero strategy, confirms oil production peaked in 2019
EnergyVoice | Mark van Baal, head of the Follow This activist investor group, said it was “worrisome that $8 billion (one third) will still go to exploration and production...
From Russia with oil: why Rosneft is BP’s ‘dirty Arctic secret
The Times: Mark van Baal of Follow This, a Dutch shareholder group, has been working with BP on a climate resolution for its annual meeting in May, but has been unable to...
Climate Action 100+ alliance is bigger than Big Oil
Oil executives have used CA100+ joint statements as fig leaves. Until now. Go figure. The brainpower, technology and investment to slow global heating are readily available....
RI: Oil majors’ promises need a reality check
“Each of them wants to remain a fossil fuel giant, only not look like one,” said Van Baal. “Apparently far more pressure from society and responsible investors is needed to...
