Investors in Big Oil call for more aggressive climate change goals

Shareholder activist group Follow This filed resolutions with Shell, BP, Exxon Mobil and Chevron urging them to align their 2030 emissions targets with the Paris Agreement

This year has seen record profits for big oil as countries emerged from Covid lockdowns, boosting energy consumption and prices as supplies tightened. Picture:: Dhiraj Singh/Bloomberg

Investors with combined assets of €1.3tn have demanded the world’s biggest oil companies take swifter action to cut greenhouse gas emissions.

This year has seen record profits for Big Oil as countries emerged from Covid lockdowns, boosting energy consumption and prices as supplies tightened.