BP outlines oil production cuts and bolsters net-zero carbon ambition
BP has announced it will cut oil and gas production by two-fifths and increase its low-carbon investments ten-fold by 2030 in order to achieve its net-zero carbon ambition, whilst also halving its dividend.
Total becomes next oil major to feel shareholder climate pressure
French supermajor Total has become the latest oil firm to face rising pressure from shareholders at its annual general meeting (AGM) over it environmental ambitions.
Shell climate resolution support welcomed by green investor group
Support for a shareholder resolution demanding Anglo-Dutch oil supermajor Royal Dutch Shell set carbon intensity targets more than doubled compared with a similar resolution in 2018, but still failed to secure enough votes to pass.
Green investor group hails Equinor climate resolution progress
Support for a shareholder resolution demanding Norwegian oil company Equinor to set carbon intensity targets more than doubled, but majority owner, the state of Norway, kiboshed the proposal.
Oil majors accused of using CA100+ as 'fig leaf' to disguise inaction
Oil supermajors have been accused of using joint statements with investor initiative Climate Action 100+ (CA100+) as a means to disguise limited action on emissions reductions.
Shell strengthens climate ambitions after investor pressure
Royal Dutch Shell has strengthened its climate change ambitions in order to help meet global 2050 greenhouse gas (GHG) emission reduction targets, but campaigners remain unconvinced that the proposals go far enough.
Total faces shareholder resolution to reduce carbon emissions
A group of 11 investors have filed a shareholder resolution at Total, calling on the oil major to set carbon emission reduction targets in line with the Paris Agreement.
Is Climate Action 100+ pushing hard enough?
The heavyweight investor engagement initiative has won some victories with fossil fuel giants. But should it be demanding more, asks Elena K Johansson.
Aegon supports Follow This climate resolutions
Dutch insurer Aegon has announced its support for nine climate resolutions at four major oil firms' annual general meetings (AGMs).
Equinor bows to investor pressure of Climate Action 100+
Equinor has become the latest oil and gas company to bow to investor pressure to strengthen its climate targets.