RESULTS

SHAREHOLDERS PUSH.
Oil giants move.

In 2015 we walked into Shell’s AGM and asked one question: why so little investment in clean energy?

A decade later, boards at Shell, BP and TotalEnergies have to answer that question every year. Emissions from the products they sell are now on the agenda, in the room, on the record. That happened because investors voted for it. We organised those votes.

PROOF IT WORKS

Oil giants don’t change because we ask nicely. They change when shareholders vote. Here’s what those votes have already achieved.

SMALL VOTES MOVE
BIG COMPANIES

In 2017, just 6% of Shell’s shareholders back our resolution. It is enough to make Shell the first oil major in history to set a climate target.

THE VOTES INCREASE.
SO DOES THE PRESSURE

By 2021, 30% of Shell's shareholders vote with us. At Chevron, 61%. At Phillips 66, 80%. That level of revolt leaves the board no choice but to listen and act.

RECORD 30% VOTE AT TOTALENERGIES

Follow This–backed investors win record 30% support at TotalEnergies' 2023 AGM. Up from 17% in 2020, despite the Ukraine war and Covid rebound headwinds.

BOARDS FEEL THREATENED

In 2024, ExxonMobil sues Follow This to keep our resolution off the ballot. The case is dismissed. You don’t sue a movement that doesn’t matter.

BP BLOCKS THE VOTE.
AND PAYS THE PRICE

In 2026, BP refuses our resolution. Investors revolt: two board proposals defeated, and the new chair took a record protest vote. Weeks later, he is ousted.

The votes that moved the boards

Before Follow This, institutional investors rubber-stamped whatever the board wanted. Now they vote for climate. Here’s what that looks like.

Majorities

  • Chevron, 2021: 61% of shareholders backed our resolution to cut emissions from the company’s products.  
  • Phillips 66: 80% voted in favour. It became the first major US oil company to tighten climate targets after a Follow This vote.  
  • ConocoPhillips: 58% supported the same resolution. 

We made burning oil count

An oil company’s climate impact isn’t just its refineries. It’s the emissions from burning what the company sells, in cars, planes and power plants. The industry treated this as someone else’s problem. We spent a decade filing resolutions arguing it isn’t.

Shell, BP, Equinor and TotalEnergies all report on these so-called scope 3 emissions now. In the years since we started filing, majorities of shareholders have voted for scope 3 targets at Chevron, ConocoPhillips and Phillips 66.

The four trillion-euro coalition

In 2024 we filed a resolution at Shell with 27 institutional investors managing €4 trillion in assets. The ask was simple: set emissions targets that match the Paris Agreement. When that much capital lines up behind one resolution, boards have to listen.

We expose greenwashing

We track how major investors actually vote, then publish it. The gap between a fund’s green image and its votes against climate resolutions stops being invisible. Now pension funds have to explain that gap.

The boards are worried

BP’s board scrapped its climate targets. Shareholders overruled them twice. 

In 2025, the board tore up its climate commitments and refused shareholders a vote on the reversal. We called on investors to vote against chairman Helge Lund. 24% did, the largest protest vote against a BP chair in over a decade. Lund left.

In 2026 we filed again, alongside 16 institutional investors managing over a trillion euros. The board blocked our resolution from the ballot. So we asked shareholders to answer at the ballot box instead.

They did. Majorities voted down two board resolutions, including the board’s own proposal to scrap climate disclosures. 18% voted against incoming chair Albert Manifold. Both resolutions needed 75% support. Neither reached 50%.

Weeks later, the board removed him. Two chairs in two years, over climate governance.

We chose not to sue. We didn’t need to. Shareholders had already shown they won’t tolerate a blocked resolution, and BP is now back at the table with us.

The media comes to us

When reporters want to know what Big Oil is actually doing, they call Follow This. Our analysis of the majors’ climate strategy gets published globally. That keeps the pressure public and the boards uncomfortable.

Our evidence is used in court and Congress

Shell’s arguments against our resolutions were cited as hard evidence by Milieudefensie in its case against Shell.

We testified to the US Congress on one question: Are oil companies part of the climate solution? Our answer: No. The industry is not doing what Paris demands.

ExxonMobil took us to court to silence a vote

In 2024 ExxonMobil sued to keep our resolution off the ballot, asking them to set Scope 3 targets, the kind their competitors already have. We withdrew to avoid a ruinous legal fight.

ExxonMobil pressed on anyway, chasing a precedent against future climate proposals. In May 2024, a Texas court threw it out.

When an oil giant goes to court to silence a single resolution, it proves the resolution works.

It works. Now help us do more.

All these results came from shareholder pressure we organised.
The more members we have, the more resolutions we file. The more boards we move.

Become a green shareholder. Fund the next vote.

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Exxon sued us in 2024.
BP blockED US IN 2026.
We're not stopping.

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