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Big oil hit with new climate activist campaign

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A prominent activist group has filed shareholder resolutions calling on four of the biggest Western energy companies to cut emissions more aggressively this decade in an effort to revive investor pressure on big oil over climate goals.

In motions submitted to BP, Shell, ExxonMobil and Chevron, Dutch shareholder activist Follow This called on the companies to set clear targets to reduce their scope 3 emissions by 2030, in order to be “consistent” with the goals of the Paris Climate Accords to limit global warming.

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