About Mark van Baal

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So far Mark van Baal has created 43 blog entries.

Royal Dutch Shell Sets First Short-Term CO2 Target

March 15th, 2019|

Wall Street Journal | March 14 2019 | By Dieter Holger

Company aims to cut its net carbon footprint by up to 3% by 2021, compared with 2016.

Royal Dutch Shell PLC (RDSA.LN) has set a short-term carbon-dioxide emissions target for the first time, the company said Thursday.

The oil giant said it aims to cut its […]

Activists press Woodside, Santos to set carbon emission targets

March 1st, 2019|

Reuters | March 1 2019

Australia’s top two independent gas producers, Woodside Petroleum and Santos, are being urged by an activist investor to set carbon emissions targets for their businesses to help limit global warming.

The two Australian companies are among a list of global oil and gas companies, including giants Royal […]

The truth about big oil and climate change

February 10th, 2019|

The Economist | 9 February 2019

Shell, under pressure of green investors, said it would tie executive pay to a plan to cut carbon emissions from its products.

This year shareholders will vote on a resolution to require ExxonMobil to do what Shell has done and commit to reducing emissions not just […]

BP agrees to greater climate disclosure

February 2nd, 2019|

Financial Times | 1 February 2019 | Anjli Raval and Owen Walker

Investor backlash against energy companies grows for their role in global warming

BP has agreed to disclose how its spending plans, emissions policies and broader business strategy align with the Paris climate agreement amid mounting investor pressure on oil and […]

Shell Profit Doubles in Boost for Big Oil

February 1st, 2019|

Wall Street Journal | 31 January 2019

A group of more than 4,500 shareholders working under the umbrella of the Netherlands-based group Follow This have been urging Shell, BP PLC, Exxon Mobil Corp., Chevron Corp. and Equinor ASA to set and publish targets that are aligned with the goals of the […]

Follow This on Canadian TV channel BNN Bloomberg

January 28th, 2019|

Power Shift: Green activist investors push Shell and other oil giants to cut emissions Mark van Baal, founder of Follow This, discusses the activist investor campaign that led to Shell adopting more ambitious targets to cut carbon emissions.

The campaign is now targeting other oil majors such as BP, ExxonMobil, Chevron […]

Five oil majors face 2019 climate target pressure by investors

January 20th, 2019|

Reuters | 19 december 2018

U.S. and Norwegian oil majors Chevron and Equinor (EQNR.OL) have become the latest target of activist investors moving to force five of the biggest oil companies to commit to fixed emissions targets and align with the Paris climate agreement.

The effort, part of a wave of climate-related […]

Money managers: the new warriors of climate change

December 28th, 2018|

Financial Times

When an activist shareholder group last year launched a campaign to force Royal Dutch Shell to set hard targets for cutting carbon emissions, just 6 per cent of those eligible to vote backed the plan.

Yet within months Shell had announced an “ambition” to halve its carbon footprint by 2050, […]

Follow This files fifth climate resolution at Equinor

December 21st, 2018|

Five oil majors face same climate resolutions at AGMs in 2019

Follow This has filed a climate resolution for Norwegian oil major Equinor (formerly Statoil). The resolution is identical to resolutions already filed for BP and Shell, and similar to resolutions for ExxonMobil and Chevron, which Follow This has co-filed. All […]

How can investors support oil majors to commit to Paris?

January 19th, 2018|

Saker Nusseibeh (CEO Hermes Investment Management), Narina Mnatsakanian (Kempen Capital Management), Jeremy Leggett (SolarAid), Catherine Howarth (ShareAction), Ben Pimcombe (PRI), Mark Lewis (TCFD),  Adam Matthews (Church of England), and Mark van Baal (Follow This) will discuss shareholder engagement and shareholder resolutions in the oil industry.

Central question: How […]