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...
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, Reuters and Bloomberg. We thank these investors for their leadership. ...
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 production to 20-30% by 2030 (from 35-40%) (slide 26); BP also...
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...
More fossil fuels mean more loss and damage
The climate Loss and Damage Fund eclipsed tackling root causes climate crisis at COP27 in Egypt. Fossil fuels were again spared. Investors must fill the gap left open by politicians. Only large-scale investments in renewables will limit loss and damage. For the 27th...
Shell dismisses opportunity to invest windfall profits in renewables
PRESS RELEASE Response Follow This to Shell’s third quarter profits and investments Shell’s third quarter results published today show another quarter of windfall profits of $9.5 billion (p.1) due to the high oil prices - a byproduct of the Ukraine war. “The current...
Volunteering Vacancies
Social Media Content Creator (For the B2B sales consultant vacancy, please see below) Follow This is looking for a volunteer interested in creating social media content for our followers. Once you gain an understanding of the communications of our organization, you...
No single oil major has Paris-aligned strategy, the world’s largest investors’ alliance concludes once again
Seven years on, despite significant steps, there is still no single oil major which plans to reduce emissions in line with the Paris Climate Agreement, concludes CA100+, the world’s largest alliance of investors (managing $68 trillion of capital threatened by climate...
How to get Big Oil to end the climate crisis | Mark van Baal | TEDxEindhoven
To end the climate crisis, we need to make sure that fossil fuel companies stop drilling for even more oil and gas and start investing heavily in renewable energy. This talk is about changing what cannot be changed at first sight, and will convince you that we...
Finally, Shell’s absolute emissions are forecasted to decrease; however a 5% decrease by 2030 is far from Paris aligned
MEDIA UPDATE Company avoids meaningful energy transition to renewables by cutting emissions with carbon offsets while growing fossil fuel sales, new research shows For the first time, Shell’s emissions are forecasted to decrease this decade (-5% by 2030; previous...
TotalEnergies to increase fossil fuel production by 2030, as Paris Climate Agreement calls for reduction
PRESS RELEASE TotalEnergies will increase fossil fuel production by 2030 by growing its natural gas production, the company shared in its strategy presentation in New York today (2022 Strategy & Outlook, slide 15). “Growing fossil fuel production this decade is...
TotalEnergies forecasts global natural gas consumption to increase by 10% by 2030, yet achieving the Paris Climate Agreement requires a shift away from fossil fuels to renewables
PRESS RELEASE TotalEnergies expects the global natural gas consumption to increase by 10% by 2030 as published during today’s Energy Outlook presentation (see slide 41 in the company Energy Outlook 2022). This forecast of increased fossil fuel consumption contradicts...
Invitation to file, co-file, or provide input for climate resolutions in 2023
INVESTOR BRIEFING Last Thursday, Follow This thanked outgoing Shell CEO Ben van Beurden for crossing the Rubicon on Scope 3 emissions and welcomed Wael Sawan. The Incoming Shell CEO has ‘most challenging job in history’ of oil giant (Energy Voice). He needs the...
Ben van Beurden, first oil major CEO to promise to cut product emissions (Scope 3), steps down
RESPONSE FOLLOW THIS Ben van Beurden will hand over the helm of Shell to Wael Sawan on January 1, the company announced today. Activist shareholder Follow This welcomes the new Shell CEO. “Ben van Beurden was the first oil major CEO to talk about cutting product...
Paris Stock Exchange Committee (HCJP) hears shareholder activist about the imperative of voting rights on climate targets
Group of green shareholders - Follow This - argues shareholder voting rights are imperative to compel TotalEnergies to take sufficient climate action. “If investors are not able to vote on climate resolutions, they have lost control of the company.” – Tarek Bouhouch,...
Follow This ledenvergadering 2022
Op donderdag 7 juli houden we onze jaarlijkse ledenvergadering. We blikken dan graag met je terug op het afgelopen seizoen en kijken vooruit naar 2023. Hier vind je een overzicht van de stemresultaten van de afgelopen negen aandeelhoudersvergaderingen. Je kunt de...
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.
Follow This Members Meeting 2022
On Thursday, July 7 20:00 CET we will hold our annual Members Meeting where we will review this year’s season and look ahead to 2023. You can attend the meeting virtually through Microsoft Teams or in person at our office in Amsterdam. To attend the meeting in person,...
At BP’s shareholders’ meeting in London, CEO Bernard Looney refused to commit to absolute emissions reductions by 2030.
Jesper Vaarwerk of Follow This asked the crucial question: Will BP’s current climate strategy lead to an absolute emission reduction of around 40% by 2030 for all Scopes? Please listen to Bernard Looney’s answer carefully: He commits to a decrease of 35-40% by 2030...
All large Dutch investors vote in favour of the Follow This climate resolution
INVESTOR BRIEFING The ten largest Dutch investors – including the new lead investors for CA100+ – voted in favour of the Follow This climate resolution (resolution 21) and against Shell’s climate policy (resolution 20) at Shell’s shareholders' meeting in London on May...
Big Oil evades climate targets as investors retreat from Paris-alignment
POST AGM INVESTOR BRIEFING Dear investors in Big Oil, For investors in Big Oil, the fight against the climate crisis has lost momentum in 2022. The recently updated CA100+ benchmarks confirm that no oil major is Paris-aligned; in spite of this, shareholder votes...
Watch Mark van Baal discuss the Follow This climate proposal at the Shell AGM 2022
At Shell’s Annual General Meeting, Shell CEO Ben van Beurden still refuses to commit to absolute emissions reduction targets. According to institutions like the IPCC, IEA, and the Dutch District Court of The Hague, absolute emissions need to fall by approximately 45%...
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,...
Voor het eerst stemmen alle grote Nederlandse beleggers tegen Shells klimaatbeleid
PERSBERICHT Volledige Nederlandse top 10 stemt voor Follow This klimaatresolutie en tegen Shells klimaatbeleid Zelfs Robeco, jarenlang Shells grootste steunpilaar in Nederland, stemde op de aandeelhoudersvergadering tegen Shells beleid (resolutie 20) en voor Follow...
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...
Shareholder rebellion at Chevron and Exxon as 33% and 28% vote in favour of Paris-consistent climate targets
PRESS RELEASE One third of shareholders vote in favour of Follow This climate proposal at Chevron, despite fears that energy crisis would eclipse climate crisisSignificant minorities of shareholders at Chevron (33%) and ExxonMobil (28%) voted in favour of the climate...
Minder steun voor vergroening onder beleggers Shell
NRC - Ruim 20 procent van de aandeelhouders wil dat Shell duurzamer wordt. Dat was vorig jaar nog ruim 30 procent. De lagere steun voor Follow This, dat al zes jaar een resolutie bij de aandeelhoudersvergadering van Shell inbrengt, kan te maken hebben met de...
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...
Shell evades climate targets as shareholders retreat from Paris-alignment
Energy crisis resulting from Ukraine war has eclipsed climate crisisInvestor support for Paris-consistent targets (resolution 21, filed by Follow This) decreases to 20% (down from 30% in 2021) at Shell’s annual general meeting (AGM) in London today. Votes against...
CA100+ lead investors at Shell call on fellow investors to vote in favour of shareholder climate resolutions
INVESTOR BRIEFING regarding climate resolutions 20 and 21 at Shell As ‘Big Oil Sees Climate Pressure Ease Off’ (Bloomberg), the new CA100+ lead investors at Shell (PGGM and MN) have called on fellow investors to vote FOR shareholder climate resolutions and AGAINST...
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...
BP evades climate targets as shareholders retreat from Paris-alignment
PRESS RELEASE Energy crisis has eclipsed climate crisis The fight against the climate crisis loses momentum at BP: support for Paris-consistent climate targets (resolution 24) decreases to 15% (down from 21% in 2021). Response by Follow This “BP may have...
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...
Shareholder rebellion at ConocoPhillips as 39% of shareholders vote in favour of Follow This climate proposal
Highest vote in favour of a Follow This proposal which requests emission reductions in line with the Paris Climate Agreement (in the US, in 2021 Follow This only requested emissions reductions) Voting signals investors’ impatience at Big Oil’s refusal to curb...
Why BP investors should vote FOR shareholder climate resolution 24 and AGAINST inhouse climate resolution 3
INVESTOR BRIEFING A week before the AGM on May 12th, some investors in BP are still debating why they should vote FOR shareholder climate resolution 24 and AGAINST inhouse climate resolution 3. In case you haven’t decided yet, please take the following points into...
Climate Resolutions at Big Oil in May
Please find herewith six recent developments regarding climate resolutions at Big Oil’s forthcoming AGMs: Yesterday, Valero reported that the proposal failed to pass. The outcome came to our dismay, especially after large proxy voting advisors ISS and Glass Lewis...
Rewatch the Follow This Investor Symposium 2022
Should investors vote for climate action at oil majors’ annual meetings in May? Hear what our speakers think in this three-minute summary of Follow This’ 2022 Investor Symposium below. Speakers: Lars Dijkstra of Van Lanschot Kempen Mary Minette of Mercy Investments...
Oliebedrijven willen in 2050 schoon zijn. Maar hoe zit het in 2030?
NRC | Veel oliemaatschappijen zeggen in 2050 per saldo geen schadelijke stoffen meer uit te zullen stoten. Maar wat is die toezegging waard, wil de belegger weten, als de huidige emissies niet snel afnemen? De mening van kritische beleggers wint aan gewicht. Vanaf...
Shell rejects climate resolution amidst increasing investor pressure
PRESS RELEASE Shell calls Paris-consistent targets for 2030 “unrealistic” 9 of the 10 largest Dutch investors announced they will vote in favour of climate resolutions that supports Paris-alignment: Shell rejects climate resolution amidst increasing investor pressure...
Shell raadt aandeelhouders aan om voorstel Follow This te verwerpen
FD - Het bestuur van olieconcern Shell adviseert zijn aandeelhouders om het voorstel van activistische aandeelhouder Follow This te verwerpen bij de jaarlijkse vergadering van aandeelhouders op 24 mei. Klimaatactivist Follow This dringt in voorstel voor die...
Ten Climate Resolutions at Big Oil in May 2022
INVESTOR BRIEFING incl. speakers update Follow This symposium Following the latest CA100+ benchmark and IPCC report, this briefing is to bring you up to date on ten Climate Resolutions at Big Oil that need your votes in April and May. CA100+ benchmark: not a single...
ExxonMobil advises shareholders to vote against Scope 3 emissions reductions
PRESS RELEASE First climate proposal that requests Paris-alignment at ExxonMobil, following peers in Europe and the US. Oil major specifically rejects accountability for the emissions of its products (Scope 3) by calling Scope 3 accounting methods ‘duplicative and...
“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...
Follow This in FD: “Olieconcerns grijpen energiecrisis aan om fossiele businessmodel te behouden”
Het Financieele Dagblad | Mark van Baal van Follow This schrijft dat werknemers, overheden, bedrijven, consumenten, rechters en aandeelhouders bestuurders in de fossiele industrie op andere gedachten moeten brengen. Vorige week ging Shell in hoger beroep tegen de...
No single oil major is Paris-aligned, investors’ alliance concludes
RESPONSE TO CA100+ BENCHMARK BY FOLLOW THIS Despite ‘net zero by 2050’ promises, no oil major has emissions reduction targets for 2030 in line with the Paris Climate Agreement, concludes CA100+, the world’s largest alliance of investors, in their Net Zero Company...
BP will not reduce emissions this decade, new research shows
PRESS RELEASE - Lacking absolute emissions reduction by 2030, BP’s decarbonisation plan is not Paris-aligned. BP’s transition strategy will not deliver emissions reduction by 2030 and therefore falls short of Paris-alignment, concludes in-depth research by Global...
Symposium 2022: How can investors support oil majors to fight the climate crisis?
The Follow This Online Symposium 2022 will bring together investors, the oil and gas industry, academics, and media to discuss how investors can support oil and gas companies to take a leading role in tackling climate change. 2022 focus: pattern on voting behavior...
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...
Shell’s exit from Russia: decisive near-term action or long-term intention?
PRESS RELEASE - RESPONSE BY FOLLOW THIS Today, Shell announced [its] intent to withdraw from Russian oil and gas in a press release. “We commend Shell’s ability to admit a mistake [to buy Russian crude last week], to apologize, and to draw a conclusion; steps rarely...
New IPCC report shows the time for delay has come to an end; Big Oil needs to reduce emissions now
PRESS RELEASE - Follow This response to new IPCC report “The new IPCC report stresses the need for immediate, significant emission cuts; a step which Big Oil has so far neglected'', says Follow This. “This report underlines the urgency for shareholders to support Big...
A l’image de TotalEnergies, les votes sur les résolutions climatiques se généralisent
Les Echos - FollowThis, l'ONG néerlandaise connue pour avoir déposé des résolutions climatiques chez BP et Shell, a indiqué discuter avec des investisseurs pour les convaincre de déposer leur propre résolution à l'AG 2022. ReclaimFinance, qui veut en finir avec les...
VS doet onderzoek naar misleiding door oliereuzen, Nederlander Mark van Baal getuigt
In de Verenigde Staten loopt een onderzoek naar de rol van oliebedrijven in de misleiding over de klimaatcrisis. Nederlander Mark van Baal van activistische aandeelhouder Follow This werd daarin als getuige gehoord. “Oliebedrijven die niet ten minste 50 procent van...
Follow This testifies in US Congress Hearing about Big Oil’s climate pledges
Follow This founder Mark van Baal testified in a US Congress Hearing on February 8 to answer questions about the climate plans of oil majors. “It was quite an experience to testify and be questioned by US Representatives for 3.5 hours,” he said after the hearing....
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...
Shell still not reporting investments in renewable energy; around 90% in fossil fuels
- PRESS RELEASE - More than four years after Shell announced its intention to join the energy transition, Shell is still not reporting how much the company is investing in renewable energy, quarterly figures published today show. 90% in fossil fuels "Apparently,...
Chevron boasts about its growing fossil fuel production like there was no shareholder majority vote for emissions reductions
PRESS RELEASE Chevron “grew [production] to a record 3.10 million barrels per day” and “added proved reserves” the company boasts in a press release about its Fourth Quarter 2021 Results, published today. “Chevron is reporting as if there is no Paris Climate...
“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...
ExxonMobil’s new net zero goal ignores the elephant in the room
On January 18th, ExxonMobil announced its ambition for net zero emissions for operations (Scope 1 and 2) by 2050. In May, the Follow This climate resolution - requesting Paris-consistent reductions of all emissions (Scope 1, 2, and 3) - will come to vote at the AGM of...
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...
Want To Stop Climate Change? Buy Big Oil Stock
Forbes | In an age in which stock trading is no longer reserved to Wall-Street and a climate crisis is becoming a reality, sustainability-driven shareholder activism was bound to happen. And we see it happening, with increasing impact—especially in Big Oil,...
Shell verdient fors aan gas, steekt miljarden in aankoop eigen aandelen
Telegraaf - Shell profiteert fors van de gestegen prijzen in de gashandel. Volgens zijn laatste cijfers neemt omzet daarin toe, maar zakken verdiensten uit olie. Het concern steekt daarnaast $5,5 miljard opbrengst uit verkoop van zijn velden in de Texaanse Permian...
The climate victories of 2021 that put fossil fuels in check
From local activism to shareholder rebellions, here’s what climate advocates accomplished over the last year. The shareholder rebellions Activist investors leveraged their collective power to force major oil companies to change from within. Chevron faced opposition...
Oil majors under pressure as activists circle
Financial Times | For decades campaigners have picketed oil and gas offices, blockaded refineries and disrupted operations. Now the energy sector is facing a new kind of activism: from its own shareholders. Environmental shareholder group Follow This is also opposed...
Will Shell’s total emissions be down by 45% in 2030?
Will Shell’s total emissions be down by 45% in 2030? No - to the contrary: according to research by Global Climate Insights, Shell’s absolute emissions will increase by 4% by 2030. At Shell’s shareholders’ meeting on December 10, Shell chairman Sir Andrew McKenzie...
Follow This dient klimaatresoluties in bij Amerikaanse oliebedrijven
Exxon Mobil is één van de acht grote gas- en oliebedrijven die in 2022 een klimaatresolutie van Follow This op de aandeelhoudersvergadering kan verwachten. Exxon Mobil is één van de acht grote gas- en oliebedrijven die in 2022 een klimaatresolutie van Follow This op...
Follow This targets Exxon with shareholder climate resolution
Reuters | Climate activist group Follow This targeted Exxon Mobil Corp with a shareholder resolution urging it to deepen its carbon emissions reduction targets, ramping up pressure on the oil and gas company over its energy transition strategy. The shareholder...
Investor briefing
2021 was a watershed year for climate votes at Big Oil; investors must escalate pressure in 2022 to reach the Paris Accord What a year. In May, an unprecedented number of shareholders voted in favour of the Follow This Climate Resolutions: in Europe, votes more than...
Big Oil ‘can make or break the Paris Climate Accords,’ Follow This Founder says
Yahoo Finance | Mark van Baal, Follow This Founder, joins Yahoo Finance's Zack Guzman and Akiko Fujita to discuss the latest initiative to pressure Big Oil to do more in combatting climate change.
Shell investors back moving HQ from Netherlands to UK
Financial Times | Royal Dutch Shell shareholders have overwhelmingly backed sweeping changes to the company’s share structure and tax residence, paving the way for the board to shift the Anglo-Dutch energy major’s headquarters from the Netherlands to the UK in 2022....
Shell walks ‘tightrope’ of demands amid climate pressures
Associated Press | Royal Dutch Shell on Friday received approval from shareholders to simplify its archaic corporate structure, which grew out of the merger more than a century ago of a British firm that once traded in exotic seashells and an oil company in the...
Follow This gaat ook bij Exxonmobil klimaatresoluties indienen
Telegraaf | De milieu-activistische aandeelhouder Follow This wil voor het eerst ook klimaatresoluties gaan indienen bij het grote Amerikaanse olie- en gasconcern ExxonMobil. Dat deed de groep eerder al bij branchegenoten zoals Shell, BP en Chevron. Follow This wil in...
BP and Shell ignore UK corporate governance code
PRESS RELEASE BP and Shell fail to report “actions taken” after shareholder rebellion on product emissions (Scope 3) Code requires companies to report on “actions taken” within six months after more than 20% voted against management at AGMs BP in breach of UK...
Toch geen toenadering bij Shell tot ‘klimaatbeleggers’
Een half jaar durend onderzoek van Shell naar de klimaatwensen van de aandeelhouder heeft het concern niet dichter bij de activistische beleggingsgroep Follow This gebracht. Die conclusie valt te trekken uit een recentelijk gepubliceerd verslag van het olie- en...
Terwijl de druk om emissies te verlagen toeneemt, verhogen Shell en BP hun emissies
UPDATE VOOR GROENE AANDEELHOUDERS Er is veel gebeurd de afgelopen weken. De druk op Shell nam toe: nieuw onderzoek laat zien dat Shell zijn emissies wil laten stijgen, ABP liet Shell vallen en een activistische aandeelhouder wil Shell splitsen. Op de klimaattop in...
Shell’s New Emission Targets Fall Short, Activist Investor Says
Dutch group Follow This brought a motion at Shell’s annual general meeting this year urging it to set targets for Scope 1, 2 and 3 emissions -- those produced by the company’s own operations and by the use of its products by customers -- are compliant with the goals...
As pressure to decrease emissions grows, Shell and BP increase emissions
A lot has happened in recent weeks: The pressure on Shell has grown: new research shows that Shell wants to increase emissions this decade, pension fund ABP has dropped Shell, and an activist shareholder wants to split up the company. At the climate summit in Glasgow,...
Shell seeking to move headquarters to the UK is no surprise
Response of Follow This Shell wants to move over to one kind of share on the London stock market. This is no surprise; Shell has already wanted a simpler structure with only one kind of share since Shell had to deal with the reserves scandal of 2004. Shell...
Cash machines pompen nu olie op
De winst van olie- en gasindustrie is substantieel gestegen, maar bekendmakingen op het gebied van verduurzaming blijven bij de fraaie kwartaalcijfers uit. Dat valt extra op nu alle ogen op Glasgow zijn gericht. Mark van Baal van de activistische beleggersgroep Follow...
Beleggen in fossiel: moeten we bijsturen of uitstappen?
Financieele Dagblad | Deze week maakte pensioenfonds ABP bekend te stoppen met beleggen in producenten van fossiele brandstoffen. Dit vanwege de klimaatcrisis. ‘Symboolpolitiek’, reageert Shell-topman Ben van Beurden. Heeft hij gelijk, of moeten meerdere...
’Groene stap pensioenfonds ABP is een groot mysterie’
Telegraaf - Een van de grootste pensioenfondsen ter wereld stopt met investeren in olie en gas. Wie denkt dat het klimaat daarmee is geholpen komt bedrogen uit, zegt Martin Visser in de podcast Kwestie van Centen. Ook Mark van Baal, voorman van beleggerscollectief...
Short- and long-term activists disagree over Shell’s future, Shell announces new targets
Response of Follow This to call for breakup of Shell by activist fund Third Point AND response to Shell’s new target Activist fund Third Point called for the breakup of Shell into a “legacy” oil and gas arm and a “cleaner energy” entity. The sum of the separate...
Activist fund Third Point calls for break-up of Shell
Financial Times | Royal Dutch Shell is under pressure to break itself up after the activist hedge fund Third Point built a large stake and accused the oil supermajor of being bogged down by an incoherent strategy. Mark van Baal, head of Follow This, an activist...
Pensioenfonds ABP stopt met fossiele brandstoffen
Radio 1 | Pensioenfonds ABP, dat het geld van onder meer ambtenaren beheert, gaat niet langer beleggen in fossiele bedrijven. Op dit moment gaat het nog om zo'n 15 miljard euro, 3 procent van al het belegde geld, dat uiterlijk in 2023 niet langer wordt gestoken in...
Pensioenbelegger ABP verkoopt olie- en gasbedrijven: ‘Noodzakelijke koerswijziging’
FD - Pensioenfonds ABP stopt vanwege de klimaatverandering met beleggen in producenten van fossiele brandstoffen. De aankondiging van het grootste pensioenfonds van Nederland, een historisch besluit, komt na forse druk van de deelnemers en aangesloten werkgevers om...
One of world’s biggest pension funds to stop investing in fossil fuels
The Guardian | One of the world’s largest pension funds, ABP, is selling its €15bn-worth of holdings in fossil fuel companies, including Royal Dutch Shell, claiming it had been unable to persuade the sector to transition quickly enough towards decarbonisation. At...
Largest Dutch pension fund suddenly loses trust in climate policies of fossil fuel companies
PRESS RELEASE ABP to divest from fossil fuels within 1.5 years In an abrupt U-turn, pension fund ABP (asset manager: APG) announced plans to sell all assets in fossil fuel companies within 1.5 years (€15 billion, 3% of total assets). With this unexpected turn of...
Shell gaat eigen uitstootdoelen niet halen
BNR Radio | Het gaat Shell niet lukken om zijn eigen uitstootdoelen te halen. De uitstoot blijft tot 2030 toenemen, terwijl er dan juist 45% minder uitstoot had moeten zijn ten opzichte van 2019. Dat blijkt uit een nieuw klimaatrapport van onderszoeksbureau Global...
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 Follow This climate resolutions, the IEA, and the IPCC, which all call...
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...
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 set a Scope 3 target Chevron’s target falls short of Paris-alignment...
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...
First US oil major responds to Follow This climate resolution, thanks to the votes of 80% of investors
INVESTOR AND MEDIA UPDATE Phillips 66 reluctantly sets ambition for Scope 3 (product emissions) Follow This expects Chevron and ConocoPhillips to follow Voting for climate resolutions works: Phillips 66 is the first US oil major to set an ambition to reduce the carbon...
Mark van Baal: Vasthoudend vechten voor het klimaat
”Red de wereld, koop Shell”, met die slogan gaat Mark van Baal in 2015 de zeepkist op. De 51-jarige Amsterdammer trekt de stoute schoenen aan en start een burgerbeweging: aandeelhoudersvereniging Follow This. Volgens Van Baal heeft Shell de „billions and brains”, het...
TotalEnergies leaves the Paris Accord to be met by others
Green shareholders response to TotalEnergies’ Investor Day TotalEnergies’ emission reduction targets for 2030* fall short of Paris-alignment. It is not up to TotalEnergies to reduce emissions to levels needed for a 1.5-degree pathway, but up to governments and...
De fossiele fakkel blijft branden, ook al trekt Shell zich terug uit Texas
De Volkskrant | Shell gaat vervuilende activiteiten afstoten. Het bedrijf heeft zich teruggetrokken uit West-Texas en verkocht zijn schalie-olievelden, waarvoor de bodem met vloeistoffen opengebroken moet worden, voor 9,5 miljard dollar aan het Texaanse...