Follow This is frequently making headlines. This is an overview of articles from the international media featuring our story.
Time is up for Big Oil’s business model
Shareholders are crucial to unlocking energy transition Opinion piece in The Financial Times. Mark van Baal is the founder of Follow This. Every so often, the CEO of a big oil company invites me for coffee. I enjoy this courtesy, the swoosh of the lift, a seat at that...
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 Follow This climate resolution, TotalEnergies announced during its shareholders’ meeting today.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...
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...
A group of 188 French scientists and experts calls on TotalEnergies investors to vote in favour of the Follow This climate resolution and against the company’s own climate strategy
Le Monde — A group of 188 scientists and experts condemn the 'carbon bomb' represented by the...
TotalEnergies’ bet on gas means no big emissions cut by 2030
Reuters — TotalEnergies' bet on gas means no big emissions cut by 2030 French oil major TotalEnergies forecasts its overall greenhouse gas emissions will not see a big reduction by 2030 given it wants to grow its gas business, executives said in an update on its...
BP insists it is not slowing green transition to cash in on high oil prices
The Financial Times — BP insists it is not slowing green transition to cash in on high oil prices The boss of BP’s US business has insisted that the company is sticking with its promised transition away from fossil fuels even though it plans an aggressive oil output...
Shell’s Profit Soared to $42 Billion Last Year
The New York Times — Shell’s Profit Soared to $42 Billion Last Year Shell, Europe’s largest energy company, reported a bumper profit for 2022 on Thursday: $42.3 billion, more than double its 2021 total and probably a record for any British company. The company, like...
At most 14% of Shell’s investments to renewables in 2022 despite windfall profits
PRESS RELEASE response Follow This to Shell’s 2022 results Shell’s investments (cash Capex) in the division Renewables and Energy Solutions (RES) were $3.5 billion out of a total of $24.8 billion (14%), the company’s fourth quarter results published today...
Big Oil poised to smash annual profit records — sparking outcry from campaigners and activists
CNBC — "I have called 2022 the year the empire struck back," Mark van Baal, founder of Dutch shareholder activist Follow This, told CNBC via telephone. "What we saw happening in 2022 is that the oil majors used the high oil prices and the energy crisis to convince...
Leading investors join shareholder activist with climate resolutions at Big Oil
Resolutions focus on Scope 3 emissions reductions in 2030 Leading investors with assets under management of more than € 1.3 trillion* join activist shareholder Follow This in filing climate resolutions at Shell, BP, ExxonMobil, and Chevron. The resolutions...
Follow This on NHK Japan: ‘The only people Big Oil has to listen to are their shareholders’
Dutch shareholder activist Mark van Baal challenges the power of Big Oil and urges these influential companies to abandon fossil fuels and commit to a fossil free future.
Investors reject climate proposals targeting ExxonMobil, Chevron
The Washington Post | The proposal calls on the companies to set medium- and long-term targets for aligning their emissions trajectories with the Paris agreement. While ExxonMobil and Chevron have both set goals of reaching net-zero operational emissions by 2050,...
Shell suffers drop in investor support for climate strategy
Financial Times - Follow This, which submits the same resolution at several oil and gas companies, argues that Shell must commit to an absolute reduction in the scope 3 emissions generated from the fuels it sells. Shell’s targets are for a reduction in the carbon...
Shareholders back Shell’s climate strategy after raucous meeting
Reuters - Shareholders backed Shell's climate strategy while a climate activist proposal from the Follow This group received fewer votes than last year. "Investors have given in to Shell’s narrative that the crisis created by the war in Ukraine overrides the climate...
Big Oil investors reject calls for stricter climate goals — so far
The Washington Post | Investors in three of the world's largest oil and gas companies this week rejected proposals for the firms to set stronger climate targets, as fossil fuel firms reap record profits following Russia's invasion of Ukraine. But the fight is far from...
Big Oil braces for shareholder revolt over climate plans in proxy voting season
CNBC - Some of the world's largest corporate emitters face the prospect of a shareholder rebellion this month, with climate-related votes poised to spike throughout the proxy season. Dutch group Follow This, a small activist investor and campaign group with stakes in...