Spirit of Paris gains ground with 'big oil'


It is a new sound. In the last month of May, the period in which the oil sector holds its annual meetings for shareholders, climate change was high on the agenda almost everywhere.

At Exxon Mobil and Chevron in the US, two of the largest independent oil companies in the world, investors submitted resolutions on Wednesday to influence the company's fossil course. The same thing happened earlier this month in the British BP - one of the super majors - and the small Norwegian oil company Equinor.

One proposal was successful at BP. All others were voted out as usual. But the climate-friendly minority of shareholders, including two of the three largest Dutch institutional investors with Aegon and NN Investment Partners, is growing. Read Full Article - NRC, May 30, 2019