For the first time, the Climate Action 100+ lead investors* at Shell are endorsing the Follow This climate resolution, demonstrates an investor briefing released today. ...
News
Archive
Check out these facts before casting your vote on Climate Resolution 25 at BP’s AGM
Next week, on April 27th at BP, the crucial 2023 AGM season at Big Oil kicks off. Five climate resolutions, co-filed by institutional investors, will be put to a vote at...
Overview of climate resolutions co-filed by institutional investors at BP, Shell, Chevron, ExxonMobil, and TotalEnergies
INVESTOR BRIEFING 2023 AGM season This brief provides an update on the five climate resolutions that will be put to a vote Shell’s, BP’s, ExxonMobil’s, Chevron’s, and...
Large coalition of investors and activist shareholder file climate resolution at TotalEnergies
Resolution, requesting emissions cut by 2030, is similar to those at Shell, BP, ExxonMobil and Chevron Seventeen leading investors with assets under management of around...
BP advises shareholders to vote against Follow This climate resolution as pension funds increase pressure
PRESS RELEASE on BP AGM on April 27 BP advises shareholders to vote against the Follow This climate resolution (resolution 25) that requests the oil major to align its 2030...
BP backtracks on climate aim, increasing investments in oil and gas
Response Follow This to BP’s 2022 results and plans BP backtracked on its aim to reduce emissions: the company changed its ‘Aim 2’ to reduce the Scope 3 (product) emissions...
More fossil fuels mean more loss and damage
The climate Loss and Damage Fund eclipsed tackling root causes climate crisis at COP27 in Egypt. Fossil fuels were again spared. Investors must fill the gap left open by...
Shell dismisses opportunity to invest windfall profits in renewables
PRESS RELEASE Response Follow This to Shell’s third quarter profits and investments Shell’s third quarter results published today show another quarter of windfall profits...
How to get Big Oil to end the climate crisis | Mark van Baal | TEDxEindhoven
To end the climate crisis, we need to make sure that fossil fuel companies stop drilling for even more oil and gas and start investing heavily in renewable energy. This talk...
Finally, Shell’s absolute emissions are forecasted to decrease; however a 5% decrease by 2030 is far from Paris aligned
MEDIA UPDATE Company avoids meaningful energy transition to renewables by cutting emissions with carbon offsets while growing fossil fuel sales, new research shows For the...
At BP’s shareholders’ meeting in London, CEO Bernard Looney refused to commit to absolute emissions reductions by 2030.
Jesper Vaarwerk of Follow This asked the crucial question: Will BP’s current climate strategy lead to an absolute emission reduction of around 40% by 2030 for all Scopes? ...
All large Dutch investors vote in favour of the Follow This climate resolution
INVESTOR BRIEFING The ten largest Dutch investors – including the new lead investors for CA100+ – voted in favour of the Follow This climate resolution (resolution 21) and...
Big Oil evades climate targets as investors retreat from Paris-alignment
POST AGM INVESTOR BRIEFING Dear investors in Big Oil, For investors in Big Oil, the fight against the climate crisis has lost momentum in 2022. The recently updated...
Watch Mark van Baal discuss the Follow This climate proposal at the Shell AGM 2022
At Shell’s Annual General Meeting, Shell CEO Ben van Beurden still refuses to commit to absolute emissions reduction targets. According to institutions like the IPCC, IEA,...
Shareholder rebellion at Chevron and Exxon as 33% and 28% vote in favour of Paris-consistent climate targets
PRESS RELEASE One third of shareholders vote in favour of Follow This climate proposal at Chevron, despite fears that energy crisis would eclipse climate crisisSignificant...
Shell evades climate targets as shareholders retreat from Paris-alignment
Energy crisis resulting from Ukraine war has eclipsed climate crisisInvestor support for Paris-consistent targets (resolution 21, filed by Follow This) decreases to 20%...
BP evades climate targets as shareholders retreat from Paris-alignment
PRESS RELEASE Energy crisis has eclipsed climate crisis The fight against the climate crisis loses momentum at BP: support for Paris-consistent climate targets (resolution...
Shareholder rebellion at ConocoPhillips as 39% of shareholders vote in favour of Follow This climate proposal
Highest vote in favour of a Follow This proposal which requests emission reductions in line with the Paris Climate Agreement (in the US, in 2021 Follow This only requested...
Rewatch the Follow This Investor Symposium 2022
Should investors vote for climate action at oil majors’ annual meetings in May? Hear what our speakers think in this three-minute summary of Follow This’ 2022 Investor...
Ten Climate Resolutions at Big Oil in May 2022
INVESTOR BRIEFING incl. speakers update Follow This symposium Following the latest CA100+ benchmark and IPCC report, this briefing is to bring you up to date on ten Climate...
ExxonMobil advises shareholders to vote against Scope 3 emissions reductions
PRESS RELEASE First climate proposal that requests Paris-alignment at ExxonMobil, following peers in Europe and the US. Oil major specifically rejects accountability for...
No single oil major is Paris-aligned, investors’ alliance concludes
RESPONSE TO CA100+ BENCHMARK BY FOLLOW THIS Despite ‘net zero by 2050’ promises, no oil major has emissions reduction targets for 2030 in line with the Paris Climate...
Symposium 2022: How can investors support oil majors to fight the climate crisis?
The Follow This Online Symposium 2022 will bring together investors, the oil and gas industry, academics, and media to discuss how investors can support oil and gas...
Shell’s exit from Russia: decisive near-term action or long-term intention?
PRESS RELEASE – RESPONSE BY FOLLOW THIS Today, Shell announced [its] intent to withdraw from Russian oil and gas in a press release. “We commend Shell’s ability to...
Follow This testifies in US Congress Hearing about Big Oil’s climate pledges
Follow This founder Mark van Baal testified in a US Congress Hearing on February 8 to answer questions about the climate plans of oil majors. “It was quite an experience to...
Chevron boasts about its growing fossil fuel production like there was no shareholder majority vote for emissions reductions
PRESS RELEASE Chevron “grew [production] to a record 3.10 million barrels per day” and “added proved reserves” the company boasts in a press release about its Fourth Quarter...
ExxonMobil’s new net zero goal ignores the elephant in the room
On January 18th, ExxonMobil announced its ambition for net zero emissions for operations (Scope 1 and 2) by 2050. In May, the Follow This climate resolution –...
Will Shell’s total emissions be down by 45% in 2030?
Will Shell’s total emissions be down by 45% in 2030? No – to the contrary: according to research by Global Climate Insights, Shell’s absolute emissions will increase...
Shell seeking to move headquarters to the UK is no surprise
Response of Follow This Shell wants to move over to one kind of share on the London stock market. This is no surprise; Shell has already wanted a simpler structure with only...
TotalEnergies leaves the Paris Accord to be met by others
Green shareholders response to TotalEnergies’ Investor Day TotalEnergies’ emission reduction targets for 2030* fall short of Paris-alignment. It is not up to TotalEnergies...
Follow This: “fossil fuel companies advocating a slow transition lose all climate credibility”
Follow This response to the IPCC report “This report strips oil majors that advocate for a slow transition of all climate credibility. Oil major CEOs who claim to be part of...
Total’s CEO: ‘investors voting against our strategy behave more like activists than shareholders’
‘Investors behave more like activists than shareholders when they vote against Total’s strategy to increase fossil fuel production by 2030.’ That was the...
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...
92% votes for Total’s inhouse climate resolution proves the necessity of shareholder climate resolutions
– PRESS RELEASE with response Follow This – Today at Total’s AGM, 92% of shareholders voted for Total’s inhouse climate resolution, that supports Total’s current...
61% of Chevron shareholders support Follow This climate resolution
– PRESS RELEASE – Activist group Follow This wins third consecutive Big Oil ballot in US Global investors demand urgent emissions reductions Follow This wins...
Analysis of Chevron’s climate strategy ahead of the 2021 AGM
Global warming must be limited to 1.5°C to avoid the worst consequences of climate change. That means that net global greenhouse gas (GHG) emissions should be zero in 2050....
Support for Follow This climate resolution more than doubles, signalling dissent over Shell’s climate plan
PRESS RELEASE Minority shareholder rebellion urges significant reductions in absolute emissions by 2030. Investor support for the Follow This climate resolution (21) rose...
Majority votes for activist climate proposal by Follow This for the second time
PRESS RELEASE Phillips66 shareholders request concrete emission reduction targets. An undisclosed majority of shareholders in Phillips66 approved the climate proposal by...
Support for Follow This climate resolution more than doubles, despite BP’s claims to be Paris-aligned
PRESS RELEASE Investors urge BP to reduce emissions this decade. A significant number of shareholders (20.7%, up from 8.4% in 2019) voted in favour of the Follow This...
58% of ConocoPhillips shareholders vote for Follow This climate proposal
PRESS RELEASE Majority backs emission reduction targets in historic vote for Follow This climate proposal. 58% of ConocoPhillips shareholders vote for activist climate...