About Mark van Baal

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So far Mark van Baal has created 52 blog entries.

Oil giants face shareholder pressure to act on climate emissions, set stricter greenhouse gas targets

May 21st, 2019|

Deutsche Welle | 15 May 2019

Investing in a major oil company might not chime with change-the-world promise, but it’s the approach advocated by a Netherlands-based group of activist shareholders. And it’s an approach that has put a resolution calling for ambitious emissions targets on the table at BP’s annual general […]

City investors push for BP to be more open on climate change policy

May 14th, 2019|

The Guardian | 14 May 2019

A coalition of major City investors have emerged as key players in forcing BP to be more transparent in how it fights climate change.

Investors holding just under a tenth of all BP shares, equivalent to more than £10bn in value at Monday’s prices, put their […]

Scope 3 or Not Scope 3?

May 7th, 2019|

Investors Face Crucial Question at Oil Majors’ AGMs:

Scope 3 or Not Scope 3?

A year ago, sixty of the world’slargest investors urged the oil and gas industryto “take responsibility for all of its emissions”in an open letterin the Financial Times, just a few days before Shell’s 2018 AGM.A year later, […]

Oil Firm Equinor Agrees Climate Change Targets With Investors

April 26th, 2019|

Reuters | April 24, 2019

OSLO/LONDON — Norwegian oil and gas company Equinor will revise its climate targets next year and assess its investments against U.N.-backed goals following talks with major investors.

However, the moves, which follow similar engagements by the Climate Action 100+ investor group with leading oil majors BP and […]

BP Calls on Investors to Reject Emissions-Targets Proposal

April 11th, 2019|

Wall Street Journal | April 10, 2019

BP has called on its shareholders to reject a climate resolution filed by activist investor Follow This that requests it to set targets for emissions from the consumers of its products.

In the notice of annual general meeting distributed today to shareholders, the BP board […]

Dutch campaign group drops Shell climate resolution after “intensive discussions” with big investors

April 9th, 2019|

Responsible Investor | April 7th, 2019

Dutch campaign group Follow This is to withdraw the climate change proposal it has filed at Shell, after meetings with its most prominent supporters, the Dutch institutional investors who have voted for similar resolutions in the previous three years.

Among them are Aegon, NN Investment Partners, […]

Shell Gets Some Breathing Room on Climate Targets From Activist Investors

April 9th, 2019|

Wall Street Journal | April 8, 2019

Follow This, a Netherlands-based group of investors, said it will withdraw its climate resolution from Royal Dutch Shell PLC’s annual general meeting this year.

The group of some 4,600 shareholders, which urges oil companies to set and publish targets aligned with the 2015 Paris climate […]

Activist group withdraws resolution challenging Shell climate policy

April 8th, 2019|

Activist group withdraws resolution challenging Shell climate policy

Reuters | April 8 2019

An activist group said it has withdrawn a shareholder resolution calling on Royal Dutch Shell to change its climate policy after the oil and gas company reached a broad agreement with investors on the issue.

The Anglo-Dutch energy company drew […]

Activist shareholders grant Shell climate targets reprieve

April 8th, 2019|

Financial Times | April 8 2019

Activist shareholders will grant Royal Dutch Shell a reprieve over climate targets ahead of the company’s annual general meeting next month, as investors said they would withdraw a high-profile resolution about the oil group’s environmental goals.

In a reversal, Dutch shareholder group Follow This, which had […]

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 […]