In the media
Follow This is frequently making headlines. This is an overview of articles from the international media featuring our story.
How investors voted on climate change at Big Oil AGMs
Capital Monitor: Investor support for holding Big Oil companies’ feet to the fire appears to be growing in Europe, but fading in the US. By Paul Hodgson  - Five climate resolutions were filed by a total of 20 investors with over €2 trn in AUM at Shell, BP,...
HSBC challenges Big Oil more often than peers
Which of the largest investors in the UK voted for change at Big Oil? The Guardian, The Independent, and many other media point to HSBC as the leader. Please find below the media coverage of the climate votes of the ten largest asset managers in the UK. HSBC AM, the...
Time is up for Big Oil’s business model
Shareholders are crucial to unlocking energy transition Opinion piece in The Financial Times. Mark...
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...
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 climate resolution, demonstrates an investor briefing released today. Lead investors* MN and PGGM encourage peers to vote in favour of the Follow This climate...
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 French multinational's oil pipeline project in Uganda. The current policy trajectory takes us to a global warming of 3.2°C relative to the pre-industrial era by 2100...
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 -Â 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...
“There is no single oil major with a good plan to decrease emissions this decade”
Follow This founder Mark van Baal at Bloomberg's Sustainable Business Summit: "We need big oil with their brains, their billions, their global reach to speed up the energy transition, or else there is no chance we will ever meet it." "The [Climate Action 100+] report...
Shell U-turn on Cambo oilfield would threaten green targets, say campaigners
The Guardian - Climate activists have reacted with concern to reports that Shell is reconsidering its decision to abandon development of the Cambo oilfield, warning that such a reversal would further threaten emissions reductions targets. Mark van Baal, the leader of...
Occidental loses bid to throw out green Follow This resolution
Financial Times | SEC will force oil and gas producer group to hold vote on tighter emissions targets. “It’s telling that the SEC basically states that even Occidental — which has some targets — is not Paris consistent. I hope the investors realise that these...
Shareholders at four U.S. oil companies to vote on climate proposals
Reuters - Shareholders at four U.S. oil companies will vote in the coming quarter on proposals for the firms to meet emissions targets set out in Paris in 2015, said climate activist group Follow This. The votes will test shareholder willingness to impose new air...