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.
Oil giants don’t change because we ask nicely. They change when shareholders vote. Here’s what those votes have already achieved.
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.
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.
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.
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.
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
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.
The boards are worried
BP’s board scrapped its climate targets. Shareholders overruled them twice.
Our evidence is used in court and Congress
ExxonMobil took us to court to silence a vote
It works. Now help us do more.