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.”