News
Recent news from Follow This, including the latest investors briefings.
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 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...
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...
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...
Shell seeking to move headquarters to the UK is no surprise
Response of Follow This Shell wants to move over to one kind of share on the London stock market. This is no surprise; Shell has already wanted a simpler structure with only one kind of share since Shell had to deal with the reserves scandal of 2004. Shell...
TotalEnergies leaves the Paris Accord to be met by others
Green shareholders response to TotalEnergies’ Investor Day TotalEnergies’ emission reduction targets for 2030* fall short of Paris-alignment. It is not up to TotalEnergies to reduce emissions to levels needed for a 1.5-degree pathway, but up to governments and...