Shareholders at four U.S. oil companies will vote in the coming quarter on proposals for the firms to meet emissions targets set out in Paris in 2015, said climate activist group Follow This.
Occidental and Phillips 66 declined to comment. Exxon said it considers feedback and input from shareholders. Chevron said it only asks to exclude any proposal that do not comply with SEC shareholder petition rules. Conoco did not respond to a request for comment.
Follow This previously put similar proposals calling for the oil firms to "substantially reduce greenhouse gas emissions." Those petitions last year were supported by 61% of voting shareholders at Chevron, 58% at Conoco and 80% at Phillips 66, according to company filings. Follow This now proposes that companies set goals consistent with the 2015 Paris accord, an agreement to reduce emissions in half by 2030.above $130 a barrel as buyers steered clear of Russian products following its invasion of Ukraine. That jump should accelerate investments in renewable energy and away from fossil fuels, he said.
"Maybe in the very short term they have to replace Russia supply with oil from other countries. But in the long term we don't need more oil and gas," Van Baal said.Register now for FREE unlimited access to Reuters.comGlobal InvestorSign up
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