BP advises shareholders to vote against Follow This climate resolution as pension funds increase pressure
PRESS RELEASE on BP AGM on April 27 BP advises shareholders to vote against the Follow This climate resolution (resolution 25) that requests the oil major to align its 2030 Scope 3 emissions reduction aim with the Paris Climate Agreement, according to the Notice of...
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...
IN THE MEDIA
Leading investors co-file climate resolutions at Shell, BP, Chevron, and ExxonMobil, focusing on medium-term Scope 3 targets
INVESTOR BRIEFING media overview Six institutional investors (managing € 1.3 trillion in total*) have co-filed one or more Follow This climate resolutions for 2023, as featured in Financial Times,...
BP backtracks on climate aim, increasing investments in oil and gas
Response Follow This to BP’s 2022 results and plans BP backtracked on its aim to reduce emissions: the company changed its ‘Aim 2’ to reduce the Scope 3 (product) emissions from its own oil and gas...
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...
NEWS
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...
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...
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...
Investors reject climate proposals targeting ExxonMobil, Chevron
The Washington Post | The proposal calls on the companies to set medium- and long-term targets for...
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 - 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...
Shareholders asked oil giant Chevron to cut emissions. Now some want the chairman ousted
The Washington Post - A shareholder advocacy group filed papers Tuesday asking investors in the energy giant Chevron to oust the chairman and another board member because of the company’s failure to cut carbon emissions, setting off a campaign to alter significantly...
BP has ambitious plans to move beyond fossil fuels – but are they enough?
The Guardian | The oil giant revealed its four-fold increase in profits alongside pledges on investment in cleaner energy. Investors and climate activists have raised concern that the plans risk falling short of expectations from both sets of perspectives. Mark van...
“Absolute emissions have to go down strongly, 45%, that’s what Paris means”
During the last week of May 2021, significant gains were made in the battle against climate change. In this episode, Becky Annison talks to Mark van Baal, the founder of the international pressure group Follow This, about what happened. Was this the beginning of a...
Can activist investors really make a difference?
If you care about saving the planet, one campaigner argues it's time to buy a stake in big oil firms. Activist group Follow This is encouraging investors to buy shares in BP and Shell It wants to empower investors to influence Big Oil companies from within We spoke to...
SHELL
BP advises shareholders to vote against Follow This climate resolution as pension funds increase pressure
PRESS RELEASE on BP AGM on April 27 BP advises shareholders to vote against the Follow This climate resolution (resolution 25) that requests the...
TOTAL
BP advises shareholders to vote against Follow This climate resolution as pension funds increase pressure
PRESS RELEASE on BP AGM on April 27 BP advises shareholders to vote against the Follow This climate resolution (resolution 25) that requests the...
CHEVRON
BP advises shareholders to vote against Follow This climate resolution as pension funds increase pressure
PRESS RELEASE on BP AGM on April 27 BP advises shareholders to vote against the Follow This climate resolution (resolution 25) that requests the...
EQUINOR
BP advises shareholders to vote against Follow This climate resolution as pension funds increase pressure
PRESS RELEASE on BP AGM on April 27 BP advises shareholders to vote against the Follow This climate resolution (resolution 25) that requests the...
EXXONMOBILE
BP advises shareholders to vote against Follow This climate resolution as pension funds increase pressure
PRESS RELEASE on BP AGM on April 27 BP advises shareholders to vote against the Follow This climate resolution (resolution 25) that requests the...
BP
BP advises shareholders to vote against Follow This climate resolution as pension funds increase pressure
PRESS RELEASE on BP AGM on April 27 BP advises shareholders to vote against the Follow This climate resolution (resolution 25) that requests the...