A prominent activist group has filed shareholder resolutions calling on four of the biggest western energy companies to cut emissions more aggressively this decade in an effort to revive investor pressure on Big Oil over climate goals.
In motions submitted to BP, Shell, ExxonMobil and Chevron, Dutch shareholder activist Follow This called on the companies to set clear targets to reduce their scope 3 emissions by 2030, in order to be “consistent” with the goals of the Paris Climate Accords to limit global warming.
The group said the motions, seen by the Financial Times and set to be unveiled on Monday, had been co-sponsored by investors with more than $1.3tn in assets under management.
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