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Recent news from Follow This, including the latest investors briefings.
BP backtracks on climate aim, increasing investments in oil and gas

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

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 renewables 

Shell dismisses opportunity to invest windfall profits in renewables 

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...