Climate change

Reluctant investors won't stop Follow This from pushing for stricter emissions targets through climate resolutions at Big Oil AGMs.
United Nations chief Guterres announced the 1.5 degrees Celsius climate target is missed, blaming fossil fuel lobbyists for blocking an inevitable transition to renewables.
ExxonMobil's latest move to silence shareholders: an automated voting system where the votes of retail investors automatically align with management.
Dutch pension fund PFZW pulled $14 billion from BlackRock, highlighting a widening split between European and American investors over sustainable investing.
ExxonMobil’s climate report drew criticism from Follow This, saying the company is ignoring the inevitable transition to clean energy.
In a major win for climate justice, the UN's top court ruled nations must curb emissions or face compensation for damages.
American oil companies are ramping up legal attacks on climate advocates. We see more lawsuits than ever targeting those pushing for climate action.
BlackRock's climate paradox: the largest asset manager says climate risk is investment risk. Yet, it votes against climate resolutions, harming clients' financial future.
On BBC Radio, Follow This founder Mark van Baal discusses the significant shareholder vote against BP's chair due to concerns about the company's climate direction.
Follow This paused climate resolutions due to a pro-fossil political climate, aiming to return when investors can increase pressure on oil majors.
According to CNBC, BP faces shareholder backlash at its AGM, with investors planning to vote against Chair Helge Lund over the firm's climate U-turn.
Follow This will pause climate resolutions against oil and gas companies due to a growing investor backlash, as reported by The Guardian.
Follow This will not file 2025 proposals, citing investor hesitancy due to the political and legal climate, particularly in the US.
Follow This urged investors to vote against re-electing BP Chairman Helge Lund, as reported by Upstream. This protests BP's strategy U-turn and refusal to allow a shareholder vote.
Follow This urges investors to vote against BP's chair, Helge Lund. This protests BP's climate strategy U-turn without shareholder approval.
BP's "fundamentally reset strategy" won't face a shareholder vote at the upcoming AGM, raising concerns at Follow This.
BP’s broken promises on climate action: BP invested less than 10% in low-carbon energy and cut emissions by only 2.5% in five years, signaling a lack of serious effort toward
BP's "Beyond Petroleum" branding never translated into action, as investments stayed in fossil fuels. Now, short-term investor Elliott adds pressure.
The End, a post-apocalyptic musical, urged climate action at the World Economic Forum, inspiring CEOs and activists to drive change.
Shareholder group Following This is disappointed as Shell scales back its climate change commitments, betting "on the failure of Paris."
COP29 saw fossil fuel lobbyists and some delegates undermine climate goals, with Saudi Arabia attempting to reverse previous agreements to transition away from fossil fuels.
Following the Dutch court's decision in favor of Shell, shareholder movement Follow This says investors must now force Big Oil to reduce emissions.
With Donald Trump's pro-fossil fuel agenda, investors are now the final safeguard against climate disaster.
As more climate resolutions are filed, investors are using their power to push Big Oil towards a sustainable future.
A new Shell financial report shows that only 8% of the company's total spending went to renewable energy.
Shell continues investing in fossil fuels, sparking criticism from activists and shareholders demanding a transition to clean energy despite record profits.
The International Energy Agency is at the center of a debate over its shift toward clean energy, drawing criticism from the oil industry and US Republicans.
After investor pressure to back clean energy decreased, BP refocused on fossil fuels and abandoned its climate targets.
A new report from over 15,000 scientists indicates that key climate indicators have reached record highs, marking a critical new phase.
BP’s board is selling its onshore wind business, a $2 billion asset, signalling its intention to remain in oil and gas.
Follow This founder Mark van Baal said the dismissal of Exxon's lawsuit is a victory for responsible investors safeguarding the long-term future of the global economy.
A U.S. judge has dismissed ExxonMobil's lawsuit against Follow This, ending a legal battle over climate change risks.
In a powerfull address, UN Secretary-General António Guterres urged an end to the fossil fuel age, calling companies the “godfathers of climate chaos."
Some of the UK’s largest asset managers, including Legal & General Investment Management, voted against a resolution asking Shell to align with the Paris agreement.
Over 30 major investors with $2.5 trillion in assets condemned ExxonMobil’s lawsuit against a Follow This shareholder climate resolution.
After months of tensions, shareholder activists will confront ExxonMobil and Chevron at their annual meetings to demand stronger climate targets.
California’s largest pension fund, CalPERS, will vote against ExxonMobil's entire board, citing concerns over the company’s lawsuit against climate investors.
In an epic legal clash, ExxonMobil sued two climate-focused shareholder groups, igniting a debate over shareholder rights and corporate accountability that has prompted a revolt.
Despite Follow This withdrawing its climate proposal, a judge's ruling on Wednesday allows Exxon to continue its lawsuit against Arjuna Capital, keeping shareholder democracy at risk.
Over a fifth of Shell's shareholders voted against its climate strategy during a tense annual general meeting.
Amid Shell's surprising $8 billion profit, activist shareholders are pressing the company to strengthen its climate goals.
At the Financial Times Climate Capital Live summit, Follow This founder Mark van Baal asserts that shareholder resolutions are a key tool to force oil majors to reduce emissions.
Shell's decision to weaken its 2030 and scrap its 2035 climate commitments signals a gamble that could undermine the Paris Agreement, says Follow This.
Shell's recent strategy shift to weaken its 2030 carbon reduction target has drawn strong criticism from shareholder group Follow This.
Oil giant Shell has announced a moderation of its near-term carbon emissions cuts, prompting criticism from activist shareholder group Follow This.
Shell's decision to weaken its climate targets to allow for continued gas business growth has drawn criticism from activist group Follow This.
Shell weakened its carbon-emissions targets, prompting Follow This to call on shareholders to vote for a climate resolution.
ExxonMobil's lawsuit against shareholder activists is continuing, even after the investors withdrew their climate proposal.
Follow This accuses ExxonMobil of bullying shareholders and attacking their rights by continuing a lawsuit.
ExxonMobil's lawsuit against climate activists, challenging shareholder proposals, has sparked global concern over investor rights and corporate governance.
A group of religious investors urged ExxonMobil to drop its lawsuit against climate activists, calling it a threat to shareholder rights and the company's reputation.
Forced to confront shareholder climate demands, ExxonMobil is now clashing with Follow This, a small but influential shareholder movement.
In a move with a potential chilling effect on shareholder activism, ExxonMobil has sued the climate group Follow This. As a result, the group has withdrawn its climate resolution.
ExxonMobil’s unprecedented legal action prompted Follow This to withdraw its climate resolution, fearing the oil giant's lawsuit could set a dangerous precedent.
With profits of $28 billion, Shell has again prioritized shareholder payouts over climate action, cutting investments in its low-carbon business.
According to Follow This, responsible shareholders will not let a conservative investor slow down the energy transition. "Votes, not letters, change companies."
ExxonMobil has sued activist investors Follow This and Arjuna Capital, to prevent a shareholder proposal on accelerating emissions cuts from being put to a vote.
ExxonMobil is suing Follow This to block a shareholder vote on accelerating climate change commitments. The oil giant’s move bypasses the usual regulatory process and is being closely watched globally.
ExxonMobil is suing activist investors Follow This and Arjuna Capital to prevent a shareholder climate resolution from reaching a vote, marking an escalation in corporate-activist battles.
A coalition of 27 investors is backing a resolution by climate activist group Follow This for Shell to align emissions targets with the Paris Agreement.
A record 27 global investors, led by Follow This, have co-filed a shareholder resolution urging Shell to align its climate targets with the Paris Agreement.
A group of 27 investors, led by Follow This, filed a resolution at Shell urging the company to set more ambitious climate targets.
Asset managers Amundi, UBS, and Allianz supported a Follow This resolution for fossil fuel giants to align their 2030 emissions targets with the Paris Agreement.
Climate activists from Follow This believe Big Finance, not Big Oil, is the problem after asset managers rejected most climate-focused shareholder resolutions this year.
Chevron’s recent acquisition of Hess is a bet against the Paris Climate Agreement, according to Follow This founder Mark van Baal.
Decreasing investor pressure enables Exxon to prioritize short-term profit over the energy transition.
Writing in The Financial Times, Follow This founder Mark van Baal argues that shareholders hold the key to forcing Big Oil to change its failing business model.
Despite a global push for emissions cuts, TotalEnergies plans to grow its gas business, forecasting minimal reductions by 2030, according to its climate strategy update.
Despite announcing record 2022 profits, BP insists it's not slowing its green transition, even as it scales back emission goals.
According to Follow This, 2022 was the year "the empire struck back" as oil majors and high oil prices convinced some investors to prioritize energy security over climate.
Speaking at a TEDx event, Follow This founder Mark van Baal explained how ordinary citizens can compel Big Oil to invest in renewables.
While Shell opposed the proposal, Follow This said the 20% vote was a significant shareholder rebellion, highlighting the need for business model changes.
Amid windfall profits, investors at three major oil and gas companies rejected proposals for stronger climate targets, but Follow This vowed to continue their fight.
Climate votes are set to increase as activist investors, led by the Dutch group Follow This, urge shareholders to push energy majors to align with the Paris Agreement.
Following a petition from Follow This, the SEC will force Occidental Petroleum to hold a shareholder vote on tougher climate targets.
American oil company shareholders will soon vote on proposals requiring firms to align with Paris climate targets.
An alliance of investors asked Chevron shareholders to vote out two directors for failing to substantially cut carbon emissions.
Despite quadrupled profits and increased pledges, investors and activists are concerned that BP's clean energy investments are not sufficient.
May 2021 marked a turning point in the climate fight, as activist shareholders and legal action began to force Big Oil to take the Paris Agreement seriously.
Forbes interviewed Follow This founder Mark van Baal on how shareholder activism is pressuring Big Oil to set climate ambitions.
Dutch climate group Follow This led a shareholder rebellion, compelling Chevron to adopt tougher emissions targets, a “paradigm shift” for fighting climate change.
For decades, environmentalists have demonstrated outside oil and gas offices. Now, a new kind of climate activist, the shareholder, is fighting for change from within.
Shell's shareholders approved the company's move to the UK, with some demanding stronger climate commitments from the energy giant.
Following activist hedge fund Third Point's push to break up Royal Dutch Shell, the shareholder group Follow This is skeptical of the move's environmental benefits.
One of the world’s largest pension funds, ABP, is selling its fossil fuel holdings after failing to persuade the sector to decarbonise.
An interview with Mark van Baal of Follow This explains how investors can encourage oil companies to combat climate change.
Although its chief executive has talked about cutting emissions, Shell has invested significantly more in fossil fuels than in clean energy.
Following an activist proposal from the Dutch group Follow This, Chevron's shareholders voted to force the company to cut its carbon emissions.
A Dutch court ordered Royal Dutch Shell to cut its carbon emissions by 45% by 2030. This landmark ruling puts pressure on a major corporate polluter to align its business
In a significant shift, nearly a third of Shell shareholders voted for a climate resolution from activist group Follow This, a sharp increase from last year.
BP's shareholders, led by the activist group Follow This, have sent a strong signal for more ambitious climate action despite their resolution failing to pass.
Shareholders at the BP AGM have voted against a resolution urging the oil giant to set tougher emission reduction targets.
Big oil companies are facing immense pressure to align with the Paris Agreement as they prepare for their annual shareholder meetings this month.
The Securities and Exchange Commission has ordered two US oil giants to hold shareholder votes on new climate proposals, signalling a major shift for the regulator.
Mark van Baal of Follow This responded to Dutch NOS Eight O’Clock News, stating that Shell's new strategy and investment plans fall short of the Paris Agreement climate goals.
Appearing on CNN, Dutch shareholder activist Mark van Baal explains how his organization Follow This is uniting thousands of shareholders to force big oil companies to take climate action.
Investors are pressuring BP to align its business strategy with the Paris Agreement on climate change, as rival Shell sets new targets.
Despite an initial 6% vote, shareholder activism compelled Royal Dutch Shell to set firm carbon emission targets tied to executive pay.
Mark van Baal from Follow This criticizes Shell's Ben van Beurden for complacency, arguing that the company needs to explore new business models.