A group of investors has put forward resolutions urging four of the world's top oil and gas companies to set broad climate targets for 2030, reviving pressure on the sector after a year that saw governments shift their focus to energy security.
Activist group Follow This said it had co-filed the resolutions with six major institutional investors managing $1.3 trillion in assets ahead of the annual general meetings of BP, Chevron, Exxon Mobil and Shell next year.
In the resolutions, the investors call on the companies to set targets to reduce by 2030 greenhouse gas emissions including those from fuel sold to customers, known as Scope 3 emissions, which account for the vast majority of the sector's pollution.