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BP advises shareholders to vote against Follow This climate resolution as pension funds increase pressure
PRESS RELEASE on BP AGM on April 27 BP advises shareholders to vote against the Follow This climate resolution (resolution 25) that requests the oil major to align its 2030 Scope 3 emissions reduction aim with the Paris Climate Agreement, according to the Notice of...
Leading investors co-file climate resolutions at Shell, BP, Chevron, and ExxonMobil, focusing on medium-term Scope 3 targets
INVESTOR BRIEFING media overview Six institutional investors (managing € 1.3 trillion in total*) have co-filed one or more Follow This climate resolutions for 2023, as featured in Financial Times, Reuters and Bloomberg. We thank these investors for their leadership. ...
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...
At most 14% of Shell’s investments to renewables in 2022 despite windfall profits
PRESS RELEASE response Follow This to Shell’s 2022 results Shell’s investments (cash Capex) in the division Renewables and Energy Solutions (RES) were $3.5 billion out of a total of $24.8 billion (14%), the company’s fourth quarter results published today...
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