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An activist group said it has withdrawn a shareholder resolution calling on Royal Dutch Shell to change its climate policy after the oil and gas company reached a broad agreement with investors on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

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 […]