{"id":1938710,"date":"2023-05-26T10:45:11","date_gmt":"2023-05-26T14:45:11","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/norway-adds-pressure-as-oil-major-climate-protests-heat-up\/"},"modified":"2023-05-26T10:47:56","modified_gmt":"2023-05-26T14:47:56","slug":"norway-adds-pressure-as-oil-major-climate-protests-heat-up","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/norway-adds-pressure-as-oil-major-climate-protests-heat-up\/","title":{"rendered":"Norway joins oil major climate protests."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">12<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fnorway-adds-pressure-as-oil-major-climate-protests-heat-up%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1938710&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Oil Majors Face Pressure as Norway&#8217;s Wealth Fund Votes Against CEOs<\/h2>\n<blockquote>\n<p>By Victoria Klesty, Benjamin Mallet and America Hernandez<\/p>\n<p>(Reuters) \u2013 Pressure mounted on oil majors on Friday as Norway\u2019s giant sovereign wealth fund said it would vote against CEOs at Chevron and Exxon and French police tackled climate protesters at TotalEnergies\u2019 shareholders\u2019 meeting.<\/p>\n<\/blockquote>\n<p>Together with peers BP and Shell, the companies face a vocal minority of investors demanding <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/iss-advises-shell-shareholders-to-vote-against-climate-activist-resolution\/\" title=\"ISS recommends Shell shareholders reject climate activist resolution.\">faster emissions cuts<\/a> as a majority of shareholders supports management in reaping the benefits of record profits from oil and gas.<\/p>\n<p>Norway\u2019s $1.4 trillion wealth fund, the world\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/norway-adds-pressure-as-oil-major-climate-protests-heat-up\/\" title=\"Norway joins oil major climate protests.\">single largest stock market investor<\/a>, said on Friday it would vote against CEOs at Chevron and ExxonMobil and against management on emissions-related proposals at their meetings on May 31.<\/p>\n<p>The fund, which owned a 0.86% of Chevron and 1.13% of Exxon as of the end of 2022, has previously voted against the reappointments of directors and said it would, as in previous years, support the Follow This climate activist resolution asking for faster emissions cuts at the U.S. firms.<\/p>\n<p>However, it will vote against Follow This at TotalEnergies\u2019 shareholder meeting on Friday, where French riot police clashed with protesters trying to block entry to the French company\u2019s annual general meeting (AGM).<\/p>\n<p>Follow This put forward its TotalEnergies resolution together with 17 institutional investors with a total of 1.1 trillion euros under management. The last time Follow This filed a resolution at the French group in 2020, it received 17% support.<\/p>\n<p>This echoes its results at BP, where a similar resolution in April received slightly more support than last year at around 17% and Shell where support this month held steady at around 20%.<\/p>\n<p>Follow This asks companies to align their targets to the U.N. Paris Climate Agreement goal of keeping warming to less than 2 degrees Celsius (3.6 Fahrenheit) above pre-industrial levels.<\/p>\n<p>Scientists say the world needs to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/food-expert-americans-must-drastically-reduce-eating-meat-and-dairy-to-save-climate\/\" title=\"Food Expert: Americans Must \u2018Drastically Reduce\u2019 Eating Meat And Dairy To Save Climate\">cut greenhouse gas emissions<\/a> by about 43% from 2019 levels by 2030 to stand a chance of meeting that goal.<\/p>\n<p>So far the world\u2019s biggest fossil fuel companies\u2019 have come up with targets that campaigners say go nowhere near far enough.<\/p>\n<p>Influential shareholder advisory ISS recommended voting in favour of Follow This at TotalEnergies\u2019 AGM, in contrast to the negative recommendations for the resolution at Shell and BP.<\/p>\n<h3>Other News:<\/h3>\n<ul>\n<li>With Memorial Day coming up, there\u2019s no better time to raise awareness and try to help prevent the increasing and tragic issue of veterans committing suicide.<\/li>\n<li>Representative James Comer says he has evidence Joe Biden accepted a bribe and used it to bribe Ukrainian officials.<\/li>\n<li>One America\u2019s Jessamyn Dodd sits down for a one-on-one with New York Time\u2019s best selling author, and former Trump lawyer, Alan Dershowitz, to discuss his new book.<\/li>\n<li>Canadian privacy regulators are launching a joint investigation into ChatGPT-parent OpenAI\u2019s data collection and usage, becoming the latest major government\u2026<\/li>\n<li>The U.S. State Department warned on Thursday that China was capable of launching\u2026<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Norway&#8217;s sovereign wealth fund will vote against Chevron and Exxon&#8217;s CEOs, while French police confront climate protesters at TotalEnergies&#8217; shareholders&#8217; meeting. BP and Shell also face criticism as pressure mounts on oil majors.<\/p>\n","protected":false},"author":66,"featured_media":1938711,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[4321,4454,3752,15346,7393,3970],"class_list":["post-1938710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-climate","tag-joins","tag-major","tag-norway","tag-oil","tag-protests"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1938710","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1938710"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1938710\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1938711"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1938710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1938710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1938710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}