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, critics such as Follow This argue that these plans are not Paris-compliant.

Mark van Baal, the founder of Follow This, told The Climate 202 that he was grateful for the support from nearly one-third of investors, which he said represents a small but significant minority.

“It’s still a shareholder rebellion,” van Baal said. “And the only thing we can do now is work with these investors to convince the rest.”

Read the full story in the The Washington Post