Shareholder Mark van Baal: ‘Imagine Shell really used their brains and billions for the energy transition’

July 19th, 2019|

In the last three years, Mark van Baal has managed to get the multinational oil giant Shell to take meaningful steps towards making the company more sustainable. Not by occupying the building or demonstrating, but by attending the shareholders’ meeting, in a suit and tie. ‘To get things in motion […]

Oil giants should be intimidated by climate change, warns activist investor

July 11th, 2019|

If you’ve attended or watched annual general meetings (AGMs) held by oil majors in the last few years, you might recognise Mark van Baal.

He’s the guy trying to whip up enough shareholder support to convince these huge firms to honour the Paris Climate Agreement.

Mr van Baal and his organisation, Follow […]

Change the world: buy dirty stocks!

July 11th, 2019|

Stockholder activism changes companies from inside

In may 2015, the founder of Follow-this, former financial journalist Mark van Baal (see interview), spoke at the annual meeting of shareholders for the first time. 300 people had bought a stock and nominated Van Baal to speak on their behalf. Van Baal didn’t accomplish […]

The rise of shareholder activism

July 5th, 2019|

Panel ‘The rise of shareholder activism’ at the Financial Times Energy Summit, with Natasha Landell-Mills, CFA and Adam Matthews, led by Anjli Raval.

Hope the fossil fuel executives in the audience got the message: their large shareholders want the goal of the Paris Climate Agreement to actually be achieved and therefore […]

BP Bosses Get Public Grilling on Climate From Largest Investors

May 29th, 2019|

Bloomberg | 21 May 2019

BP Plc lined the road leading to its annual shareholder gathering in Scotland’s oil capital with hoardings touting investments in renewable energy. Inside the meeting, there was a fierce debate on whether the energy major was telling the truth.

About 99% of BP’s shareholders passed a resolution […]

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 […]

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, […]