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 from its own oil and gas production to 20-30% by 2030 (from 35-40%) (slide 26); BP also...
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...
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 politicians. Only large-scale investments in renewables will limit loss and damage. For the 27th...
Shell dismisses opportunity to invest windfall profits in renewablesÂ
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 of $9.5 billion (p.1) due to the high oil prices - a byproduct of the Ukraine war. “The current...
Volunteering Vacancies
Social Media Content Creator (For the B2B sales consultant vacancy, please see below) Follow This is looking for a volunteer interested in creating social media content for our followers. Once you gain an understanding of the communications of our organization, you...
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 world’s largest alliance of investors (managing $68 trillion of capital threatened by climate...
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 is about changing what cannot be changed at first sight, and will convince you that we...
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 first time, Shell’s emissions are forecasted to decrease this decade (-5% by 2030; previous...
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 today (2022 Strategy & Outlook, slide 15). “Growing fossil fuel production this decade is...
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 the company Energy Outlook 2022). This forecast of increased fossil fuel consumption contradicts...