News
Recent news from Follow This, including the latest investors briefings.
Follow This: “fossil fuel companies advocating a slow transition lose all climate credibility”
Follow This response to the IPCC report “This report strips oil majors that advocate for a slow transition of all climate credibility. Oil major CEOs who claim to be part of the solution must, yet again, draw only one conclusion from this report: that they must cut...
Total’s CEO: ‘investors voting against our strategy behave more like activists than shareholders’
'Investors behave more like activists than shareholders when they vote against Total's strategy to increase fossil fuel production by 2030.' That was the response by Total’s CEO after 8% of Total’s shareholders voted against its current strategy at the AGM on May 28,...
Big headlines following Big Oil’s 2021 AGM season
- INVESTOR BRIEFING - We hope that the events of May have left you feeling as optimistic as we do...
92% votes for Total’s inhouse climate resolution proves the necessity of shareholder climate resolutions
- PRESS RELEASE with response Follow This - Today at Total’s AGM, 92% of shareholders voted for...
61% of Chevron shareholders support Follow This climate resolution
- PRESS RELEASE - Activist group Follow This wins third consecutive Big Oil ballot in US Global...
Analysis of Chevron’s climate strategy ahead of the 2021 AGM
Global warming must be limited to 1.5°C to avoid the worst consequences of climate change. That means that net global greenhouse gas (GHG) emissions should be zero in 2050. This does not only impose a responsibility on corporations but also provides energy companies...
Support for Follow This climate resolution more than doubles, signalling dissent over Shell’s climate plan
PRESS RELEASE Minority shareholder rebellion urges significant reductions in absolute emissions by 2030. Investor support for the Follow This climate resolution (21) rose to 30%, more than doubling since 14% of shareholders supported it in 2020, and defying...
Majority votes for activist climate proposal by Follow This for the second time
PRESS RELEASE Phillips66 shareholders request concrete emission reduction targets. An undisclosed majority of shareholders in Phillips66 approved the climate proposal by Follow This to set reduction targets for all emissions. During the virtual AGM...
Support for Follow This climate resolution more than doubles, despite BP’s claims to be Paris-aligned
PRESS RELEASE Investors urge BP to reduce emissions this decade. A significant number of shareholders (20.7%, up from 8.4% in 2019) voted in favour of the Follow This climate resolution at the BP AGM today, despite the board’s advice to vote against. This discontent...
58% of ConocoPhillips shareholders vote for Follow This climate proposal
PRESS RELEASE Majority backs emission reduction targets in historic vote for Follow This climate proposal. 58% of ConocoPhillips shareholders vote for activist climate proposal requesting concrete emission reduction targets. 58% of shareholders in ConocoPhillips have...
Analysis of Equinor’s 2021 climate plan
Net zero is an ambitious target that can only be achieved by ambitious actions. Equinor’s current operations and policies do not reflect a shift from business-as-usual practices. The only way to reach the long-term target is to set science-based interim targets...
Analysis of BP’s 2021 climate plan
BP’s climate plans are not yet compatible with the Paris Agreement. The reason BP and Follow This didn’t agree to a joint resolution, as both parties intended in 2020, was that BP wanted a resolution that supports its current climate aims, while Follow This maintained...
Why should investors in Shell vote FOR climate resolution 21?
INVESTOR BRIEFING While “Big Oil Braces for Climate Votes as Investor Pressure Mounts” (Bloomberg), investors in Shell are still debating why they should vote in favour of resolution 21, filed by Follow This and ACCR. The votes will be cast this week (Financial...
Why should investors vote for the climate resolution at BP (resolution 13)?
INVESTOR BRIEFING Investors are asking us why they should support the Follow This resolution at BP (resolution 13 at the AGM on May 12). The crucial reason to vote in favour of resolution 13 is that BP’s current aims should be advanced to Paris-consistent targets....
