News
Recent news from Follow This, including the latest investors briefings.
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...
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...
Large coalition of investors and activist shareholder file climate resolution at TotalEnergiesÂ
Resolution, requesting emissions cut by 2030, is similar to those at Shell, BP, ExxonMobil and...
BP advises shareholders to vote against Follow This climate resolution as pension funds increase pressure
PRESS RELEASE on BP AGM on April 27Â BP advises shareholders to vote against the Follow This...
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...
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 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...
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-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%...