News
Recent news from Follow This, including the latest investors briefings.
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...
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...
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...
Rewatch the Follow This Investor Symposium 2022
Should investors vote for climate action at oil majors’ annual meetings in May? Hear what our...
Ten Climate Resolutions at Big Oil in May 2022
INVESTOR BRIEFING incl. speakers update Follow This symposium Following the latest CA100+...
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...
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’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...
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....
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...
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...
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...