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An Unusual Annual Meeting Season Saw Investors Ratchet Up Climate Pressure on ExxonMobil and Chevron

, Corporate Analyst and Engagement Specialist

Earlier this year, we promised to watch fossil fuel companies’ statements and actions carefully over the annual general meeting season. A diverse array of climate-related issues were again on company agendas at this year’s annual meetings. The recent shift from financial institutions, even if small, speaks to climate activism’s influence, but if climate activism has taught us anything, it’s that words without actions do not and cannot count as progress to avoid the worst impacts of climate change. Read more >

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Even With Negative Oil Prices and COVID-19 Global Standstill, ExxonMobil, Chevron Must Still Commit to Net Zero Emissions

, Corporate Analyst and Engagement Specialist

You may have seen a number of headlines recently and scratched your head, wondering how something as ubiquitous as oil could cost a negative amount of money. Is the fossil fuel industry experiencing a momentary COVID-19 blip, or is the industry in bigger trouble? There’s a lot going on, so this is my attempt to break it down. Read more >

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Photo: Mike Mozart/Flickr

Shell Puts Trade Groups on Notice about Climate Policy

, climate accountability campaign director

Today, Royal Dutch Shell published its Industry Associations Climate Review, delivering on a promise made late last year to leading institutional investors who are concerned about climate change. Shell’s review follows a similar report published by BHP in late 2017, and raises the transparency bar for fossil fuel industry competitors and their trade groups. Read more >

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Exxon refinery in Baytown, Texas.

Fossil Fuel Giants Are Pumping Out Greenwashing—Their Tricks Won’t Work

, climate accountability campaign director

In recent months, we’ve seen fossil fuel giant ExxonMobil leave the American Legislative Exchange Council (ALEC), pledge $1 million to support a carbon tax, announce measures to reduce methane emissions, and join the Oil and Gas Climate Initiative (OGCI). Is the company finally getting serious about addressing climate change? Um, no. We found that these companies still appear to be trying to trick us with greenwashing. Here are six tricks by ExxonMobil and some of its key competitors that we’re countering with our public exposure and organizing. Read more >

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Shareholders Not Playing Games at Big Oil Annual General Meetings

, climate accountability campaign director

Major fossil fuel producers are holding their annual general meetings (AGMs) this month amid mounting pressure from investors, increasing risks of legal liability for climate damages, and heightened scrutiny of their lobbying and public policy advocacy. BP and Royal Dutch Shell host their AGMs this week; ExxonMobil and Chevron will follow next week.

If shareholder meetings were classic game shows, and investors were keeping score, fossil fuel companies would be coming up short. Read more >

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