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 emissions by 45% by 2030, the Follow This climate resolutions, the IEA, and the IPCC, which all call...
Chevron Sets Goal of Cutting Carbon Emissions in Operations, but Not for Products
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 immediately criticized by environmental groups Monday, with shareholder activist group Follow This...
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 This climate resolution, Chevron set a Scope 3 target Chevron’s target falls short of Paris-alignment...
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 crucial role in that process. "Investors have to step up. The only way these companies are going to...
First US oil major responds to Follow This climate resolution, thanks to the votes of 80% of investors
INVESTOR AND MEDIA UPDATE Phillips 66 reluctantly sets ambition for Scope 3 (product emissions) Follow This expects Chevron and ConocoPhillips to follow Voting for climate resolutions works: Phillips 66 is the first US oil major to set an ambition to reduce the carbon...
Mark van Baal: Vasthoudend vechten voor het klimaat
”Red de wereld, koop Shell”, met die slogan gaat Mark van Baal in 2015 de zeepkist op. De 51-jarige Amsterdammer trekt de stoute schoenen aan en start een burgerbeweging: aandeelhoudersvereniging Follow This. Volgens Van Baal heeft Shell de „billions and brains”, het...
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 to reduce emissions to levels needed for a 1.5-degree pathway, but up to governments and...
De fossiele fakkel blijft branden, ook al trekt Shell zich terug uit Texas
De Volkskrant | Shell gaat vervuilende activiteiten afstoten. Het bedrijf heeft zich teruggetrokken uit West-Texas en verkocht zijn schalie-olievelden, waarvoor de bodem met vloeistoffen opengebroken moet worden, voor 9,5 miljard dollar aan het Texaanse...
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 acquisition in less than a year. His $9.5 billion purchase of Royal Dutch Shell's West Texas properties, nine...
Shell maakt klimaat-knieval en vertrekt uit het eldorado van de olie-industrie
In een knieval voor klimaatactivisten heeft Shell maandagavond laat zijn ‘kroonjuweel’ verkocht: al zijn bezit in het Permbekken, het grootste Amerikaanse olieveld, komt voor 8,1 miljard euro in handen van de Texaanse rivaal ConocoPhillips. Met de verkoop kan de...
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 generators. Is this a tipping point and will more pension funds follow? Or does this cut off the...
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 pressure. Like its US rival ExxonMobil, Chevron has faced intensifying pressure from investors...
