Investors enable US supermajors to continue to cause climate breakdown DRAFT PRESS RELEASE At the close of Big Oil’s AGM season, a most investors miss the opportunity to...
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Record support for Follow This climate resolution at TotalEnergies thanks to coalition of 17 investors
Investors seize opportunity to urge TotalEnergies to drive down emissionsPRESS RELEASEA growing shareholder rebellion of 30% (up from 17% in 2020) voted in favour of the...
One-fifth of Shell shareholders maintain demand for emissions reductions to meet Paris by voting for Follow This climate resolution
Majority of investors miss an opportunity to urge Shell to drive down emissions by 2030PRESS RELEASEInvestors miss the opportunity to urge Shell to drive down emissions by...
World’s largest investor alliance Climate Action 100+ flags Follow This climate resolution at Shell
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. ...
World’s largest investor alliance Climate Action 100+ flags Follow This climate resolution at Shell
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. ...
No single oil major has Paris-aligned strategy, the world’s largest investors’ alliance concludes once again
Seven years on, despite significant steps, there is still no single oil major which plans to reduce emissions in line with the Paris Climate Agreement, concludes CA100+, the...
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...
TotalEnergies to increase fossil fuel production by 2030, as Paris Climate Agreement calls for reduction
PRESS RELEASE TotalEnergies will increase fossil fuel production by 2030 by growing its natural gas production, the company shared in its strategy presentation in New York...
TotalEnergies forecasts global natural gas consumption to increase by 10% by 2030, yet achieving the Paris Climate Agreement requires a shift away from fossil fuels to renewables
PRESS RELEASE TotalEnergies expects the global natural gas consumption to increase by 10% by 2030 as published during today’s Energy Outlook presentation (see slide 41 in...
Paris Stock Exchange Committee (HCJP) hears shareholder activist about the imperative of voting rights on climate targets
Group of green shareholders – Follow This – argues shareholder voting rights are imperative to compel TotalEnergies to take sufficient climate action. “If...
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...
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...
Shell rejects climate resolution amidst increasing investor pressure
PRESS RELEASE Shell calls Paris-consistent targets for 2030 “unrealistic” 9 of the 10 largest Dutch investors announced they will vote in favour of climate resolutions that...
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...
BP will not reduce emissions this decade, new research shows
PRESS RELEASE – Lacking absolute emissions reduction by 2030, BP’s decarbonisation plan is not Paris-aligned. BP’s transition strategy will not deliver emissions...
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...
Shell still not reporting investments in renewable energy; around 90% in fossil fuels
– PRESS RELEASE – More than four years after Shell announced its intention to join the energy transition, Shell is still not reporting how much the company is...
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 –...
Investor briefing
2021 was a watershed year for climate votes at Big Oil; investors must escalate pressure in 2022 to reach the Paris Accord What a year. In May, an unprecedented number of...
BP and Shell ignore UK corporate governance code
PRESS RELEASE BP and Shell fail to report “actions taken” after shareholder rebellion on product emissions (Scope 3) Code requires companies to report on “actions taken”...
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...
Short- and long-term activists disagree over Shell’s future, Shell announces new targets
Response of Follow This to call for breakup of Shell by activist fund Third Point AND response to Shell’s new target Activist fund Third Point called for the breakup of...
Largest Dutch pension fund suddenly loses trust in climate policies of fossil fuel companies
PRESS RELEASE ABP to divest from fossil fuels within 1.5 years In an abrupt U-turn, pension fund ABP (asset manager: APG) announced plans to sell all assets in fossil fuel...
Shell will increase emissions by 4% by 2030, new research by Global Climate Insights shows
PRESS RELEASE Shell is on a collision course with ‘Paris’ and court ruling to decrease emissions by 45% by 2030 The findings contradict Dutch court ruling to decrease...
Chevron responds to Follow This climate resolution with disappointing target
Chevron set a target to reduce the carbon intensity of its operations and products (Scope 1,2, and 3) by 5% by 2028 Thanks to 61% of investors’ votes for the Follow...
Chevron keeps majority of shareholders waiting for emission reductions
US oil major disregards the elephant in the room: the CO2 emissions of its products (Scope 3), despite the votes of 61% of their shareholders The company said it will...
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...
BP doesn’t revise climate strategy, despite shareholders’ rebellion at AGM
– PRESS RELEASE – BP still expects its emissions to grow this decade – in collision course with ‘Paris’ that demands substantial reductions BP...
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...
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...
Symposium summary: Urgency & Agency
Oil majors urgently need to change course. Investors have the agency to compel them to do so by voting for climate resolutions. Watch the symposium here or read the key...
SEC grants shareholders the right to vote on emission reductions at Chevron
PRESS RELEASE Climate proposal requests Chevron “to substantially reduce the greenhouse gas (GHG) emissions of their energy products” A breakthrough in the fight against...
Shell and ExxonMobil looking for billions in subsidies for carbon capture and storage (CCS)
MEDIA UPDATE “As long as these fossil companies are not making large-scale investments in renewable energy, CCS is no more than an excuse for business as usual.” Today the...