Big Oil AGMs to Be Spared Climate Motions From Activist Investor

Follow This, the climate activist investor that’s pushed for change at a raft of major international oil companies, said it won’t file resolutions during this year’s AGM season as shifting political winds dominate shareholder discourse.

The Dutch nonprofit has a history of pressuring oil and gas producers to do more to tackle global warming. Earlier this decade it was a notable thorn in their side as some worked on more ambitious emissions goals.

Yet the energy crisis that followed Russia’s invasion of Ukraine brought security of supply into stark relief, and companies such as Shell Plc and BP Plc ...