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...
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...
IN THE MEDIA
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...
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...
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...
NEWS
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...
Chevron stops short of sharp emissions reductions despite investor rebuke
Months after U.S. oil and gas giant Chevron faced backlash from its own investors over its progress on climate change, CEO Mike Wirth sidestepped the term that has dogged oil and gas giants since late 2019: Scope 3. Chevron received a rebuke from its investors at its...
Big headlines following Big Oil’s 2021 AGM season
- INVESTOR BRIEFING - We hope that the events of May have left you feeling as optimistic as we do about our joint fight against climate change. Many thanks to the investors who urged Big Oil to act now by engaging and voting for climate resolutions. We would like to...
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...
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...
Facing investor pressure, Chevron to boost ‘lower carbon’ spending
Chevron said Tuesday it will lift spending on lower carbon energy while still investing primarily...
Chevron stops short of sharp emissions reductions despite investor rebuke
Months after U.S. oil and gas giant Chevron faced backlash from its own investors over its progress on climate change, CEO Mike Wirth sidestepped the term that has dogged oil and gas giants since late 2019: Scope 3. Chevron received a rebuke from its investors at its...
Big headlines following Big Oil’s 2021 AGM season
- INVESTOR BRIEFING - We hope that the events of May have left you feeling as optimistic as we do about our joint fight against climate change. Many thanks to the investors who urged Big Oil to act now by engaging and voting for climate resolutions. We would like to...
Behind Shell’s strategy to get into green energy
New York Times - Ben van Beurden, the chief executive of Royal Dutch Shell, has been talking about the need to cut emissions since 2017. In the view of some, though, Shell has dragged its feet. The company’s clean energy investments since 2016 add up to $3.2 billion,...
The Retreat of Exxon and the Oil Majors Won’t Stop Fossil Fuel
Bloomberg - National oil champions are likely to fill the gap left by private-sector players—meaning emissions won't shrink as fast as the supermajors. The supermajors — a group that, in addition to Exxon and Chevron, includes BP Plc, Royal Dutch Shell Plc,...
‘Change is Coming.’ Activists Just Scored Big Wins Against ExxonMobil, Chevron and Shell
Time - The transition away from fossil fuels has come in fits and starts in recent years. On Wednesday, it took a giant lurch forward. At Chevron, the vote to cut emissions followed years of pressure from the Dutch activist group Follow This. The group’s...
Chevron Investors Back Follow This Climate Proposal
Bloomberg - Chevron shareholders voted for a proposal to reduce emissions from the company’s customers, the latest sign that oil titans are coming under increasing pressure to address environmental concerns. According to a preliminary tally, 61% of investors backed...
Three More Wins Today For The Global Agenda To End Fossil Fuels
Forbes - The clean energy agenda landed three heavy punches on the chin of the fossil fuels industry today. Punch #1: A Dutch court ruled that the oil giant Shell has to cut emissions on a much more aggressive timeline than they had projected. This is a big deal. A...
ExxonMobil and Chevron suffer shareholder rebellions over climate
The Guardian - US oil giants ExxonMobil and Chevron have suffered shareholder rebellions from climate activists and disgruntled institutional investors over their failure to set a strategy for a low-carbon future. Exxon failed to defend its board against a coup...
Dutch court: Shell must cut emissions by 45% by 2030 in landmark case
CNBC — A Dutch court on Wednesday ruled oil giant Royal Dutch Shell must reduce its carbon emissions by 45% by 2030 from 2019 levels. The landmark ruling comes at a time when the world’s largest corporate emitters are under immense pressure to set short, medium and...
ExxonMobil and Chevron braced for showdown over climate
The Guardian - Battle billed as key test of shareholder resolve to push for more climate action from major polluters. US oil giants ExxonMobil and Chevron are braced for a shareholder showdown later on Wednesday with climate activists and disgruntled institutional...
Influential investor joins shareholder rebellion over Shell’s climate plan
The Guardian - Legal & General Investment Management, Britain’s biggest fund manager, piles pressure on oil firm. Britain’s biggest fund manager has piled pressure on Shell after joining a shareholder rebellion over the oil company’s carbon-cutting plans, saying...
Climate activist shareholders to target US oil giant Chevron
The Guardian - Follow This leads investor rebellions demanding reduced carbon emissions to tackle global heating The climate activist shareholder group that has led investor rebellions at Shell and BP will next week target the US oil major Chevron, with demands to set...
SHELL
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...
TOTAL
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...
CHEVRON
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...
EQUINOR
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...
EXXONMOBILE
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...
BP
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...
