How investors voted on climate change at Big Oil AGMs
Capital Monitor: Investor support for holding Big Oil companies’ feet to the fire appears to be growing in Europe, but fading in the US. By Paul Hodgson - Five climate resolutions were filed by a total of 20 investors with over €2 trn in AUM at Shell, BP,...
HSBC challenges Big Oil more often than peers
Which of the largest investors in the UK voted for change at Big Oil? The Guardian, The Independent, and many other media point to HSBC as the leader. Please find below the media coverage of the climate votes of the ten largest asset managers in the UK. HSBC AM, the...
HSBC takes the lead in the UK as peers retreat from climate stewardship at Big Oil
INVESTOR/MEDIA UPDATE In 2023, HSBC Asset Management is the only large British investor voting for change across all oil majors, while their peers vote against the Follow This climate resolutions that request Paris-aligned emissions reductions, The...
FD – Onder Ons – ‘Mark is enorm gefocust. En hij ziet altijd kansen’
Marijke Voerman is de vrouw van Mark van Baal, oprichter van de activistische aandeel-houdersvereniging Follow This, die Shell een duurzame koers wil laten varen. ‘Mark sprak me aan op Koninginnedag, achttien jaar geleden. We stonden bij het Amsterdamse café Van...
Shell to grow its fossil fuel business in collision course with Paris Accord
Dividend to increase by 15% to $0.33 per share; 70% of pre-pandemic levels of $0.47 Oil major will only invest in renewables that have returns comparable to those of fossil fuels PRESS RELEASE Shell will grow its fossil fuels business in spite of the...
Investors miss opportunity to urge ExxonMobil and Chevron to drive down emissions by 2030 as votes for Follow This climate resolution fall
Investors enable US supermajors to continue to cause climate breakdown DRAFT PRESS RELEASE At the close of Big Oil’s AGM season, a most investors miss the opportunity to urge ExxonMobil and Chevron to drive down emissions as votes for the Follow This climate...
Time is up for Big Oil’s business model
Shareholders are crucial to unlocking energy transition Opinion piece in The Financial Times. Mark van Baal is the founder of Follow This. Every so often, the CEO of a big oil company invites me for coffee. I enjoy this courtesy, the swoosh of the lift, a seat at that...
Record support for Follow This climate resolution at TotalEnergies thanks to coalition of 17 investors
Investors seize opportunity to urge TotalEnergies to drive down emissionsPRESS RELEASEA growing shareholder rebellion of 30% (up from 17% in 2020) voted in favour of the Follow This climate resolution, TotalEnergies announced during its shareholders’ meeting today.The...
One-fifth of Shell shareholders maintain demand for emissions reductions to meet Paris by voting for Follow This climate resolution
Majority of investors miss an opportunity to urge Shell to drive down emissions by 2030PRESS RELEASEInvestors miss the opportunity to urge Shell to drive down emissions by 2030 as votes for the Follow This climate resolution fall stagnant at 20% (20% voted in favour...
Your votes for climate resolutions will show your commitment to Paris and safeguard your portfolio
INVESTOR BRIEFING — AGMs Shell, TotalEnergies, ExxonMobil and Chevron Investors still have the chance to vote for medium-term scope 3 targets in line with Paris at Shell (23rd May), TotalEnergies (26th May), Exxon and Chevron (31st May). Without a shareholder mandate...
Check out these facts before casting your vote on Climate Resolution 26 for Shell’s AGM, and follow the CA100+ leads
INVESTOR BRIEFING Shell AGM on May 23rd The AGMs of four of the world’s largest oil and gas majors are quickly approaching, starting with Shell on May 23rd. Please consider that no super major has Scope 3 emissions reduction targets for 2030 that are Paris-aligned. ...
World’s largest investor alliance Climate Action 100+ flags Follow This climate resolution at Shell
For the first time, the Climate Action 100+ lead investors* at Shell are endorsing the Follow This climate resolution, demonstrates an investor briefing released today. Lead investors* MN and PGGM encourage peers to vote in favour of the Follow This climate...
Shell: Activist Investor Secures Support Before Vote
Activist investor Follow This said on Monday that a shareholder resolution it submitted for a vote at Shell's upcoming annual meeting had won the backing of key investors from the Climate Action 100+ initiative. Votes on the Dutch group's resolutions at oil and gas...
A group of 188 French scientists and experts calls on TotalEnergies investors to vote in favour of the Follow This climate resolution and against the company’s own climate strategy
Le Monde — A group of 188 scientists and experts condemn the 'carbon bomb' represented by the French multinational's oil pipeline project in Uganda. The current policy trajectory takes us to a global warming of 3.2°C relative to the pre-industrial era by 2100...
World’s largest investor alliance Climate Action 100+ flags Follow This climate resolution at Shell
For the first time, the Climate Action 100+ lead investors* at Shell are endorsing the Follow This climate resolution, demonstrates an investor briefing released today. Lead investors* MN and PGGM encourage peers to vote in favour of the Follow This climate...
CA100+ lead investors flag Follow This climate resolution at Shell
INVESTOR BRIEFING Rise in votes at BP sets direction for CA100+ flagged climate resolution at Shell The absence of institutional investors was felt during BP's grim AGM. The only critical supporters of BP on site were Follow This and Rathbones; the remainder of the...
Check out these facts before casting your vote on Climate Resolution 25 at BP’s AGM
Next week, on April 27th at BP, the crucial 2023 AGM season at Big Oil kicks off. Five climate resolutions, co-filed by institutional investors, will be put to a vote at the AGMs of Shell, BP, TotalEnergies, ExxonMobil, and Chevron. Before you cast your votes for...
Overview of climate resolutions co-filed by institutional investors at BP, Shell, Chevron, ExxonMobil, and TotalEnergies
INVESTOR BRIEFING 2023 AGM season This brief provides an update on the five climate resolutions that will be put to a vote Shell’s, BP’s, ExxonMobil’s, Chevron’s, and TotalEnergies' forthcoming AGMs. Our SATIE framework above shows that your vote is critical in...
Large coalition of investors and activist shareholder file climate resolution at TotalEnergies
Resolution, requesting emissions cut by 2030, is similar to those at Shell, BP, ExxonMobil and Chevron Seventeen leading investors with assets under management of around € 1.1 trillion* and activist shareholder group Follow This file a climate resolution for the...
TotalEnergies’ bet on gas means no big emissions cut by 2030
Reuters — TotalEnergies' bet on gas means no big emissions cut by 2030 French oil major TotalEnergies forecasts its overall greenhouse gas emissions will not see a big reduction by 2030 given it wants to grow its gas business, executives said in an update on its...
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...
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...
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 total and probably a record for any British company. The company, like...
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...