News
Recent news from Follow This, including the latest investors briefings.
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 renewablesÂ
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...
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...
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...
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...
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-alignmentÂ
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%...
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...
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...
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...
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...
Ten Climate Resolutions at Big Oil in May 2022Â
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...