Shareholder Activism Forces Oil Companies to Address Emissions

environment · 2021-05-26

Shareholder resolutions at major oil companies including Shell, BP, ExxonMobil, and Chevron have gained significant support in 2021, pushing for carbon emissions reductions. ExxonMobil elected two pro-climate activists to its board, and Chevron passed a resolution forcing emissions cuts.

Sources

• “Follow This also got 20% of shareholders’ votes at British Petroleum’s AGM... ExxonMobil was forced to accept the election of two pro-climate activists... and ‘Follow This’ got a 61% majority for a resolution at Chevron’s Thursday AGM.” — The Islands Grapevine – June 3rd, 2021 (June 3rd, 2021)

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