AG 2025 : voter contre la direction des entreprises pétrolières et gazières n’est plus une option

Reclaim Finance calls on investors to vote against strategic resolutions at 2025 annual general meetings for major oil and gas companies, arguing that traditional shareholder engagement has failed to align these firms with a 1.5°C trajectory. The document highlights that 95% of oil and gas companies continue developing new projects and that some majors, such as BP, TotalEnergies, Eni, and Equinor, are increasing production or weakening climate targets. It advocates for using opposition votes as an effective lever to signal that climate priorities must be integrated into corporate strategy.

• The vast majority of oil and gas companies are pursuing expansion plans incompatible with global climate goals, with 95% of companies active in production and exploration developing new projects.
• Investment in clean energy by the oil and gas industry is significantly below the levels required for a 1.5°C scenario; while the IEA suggests 50% of investment spending should go to clean energy by 2030, the industry invested only 2.5% in 2022.
• Several major energy companies are reversing previous climate commitments: BP has planned an increase in oil and gas production by 2030 and weakened its decarbonization targets, while TotalEnergies, Eni, and Equinor also plan to increase production.
• Traditional shareholder engagement, including initiatives like Climate Action 100+, has failed to stop fossil fuel expansion or align companies with a 1.5°C trajectory, leading some investors, such as Sarasin Partners, to divest from companies like Equinor.
• Voting against routine strategic resolutions is identified as an underutilized but effective tool for investors to influence corporate governance and signal that climate change is a strategic priority.

APA

Masson, A. (2025). AG 2025 : voter contre la direction des entreprises pétrolières et gazières n’est plus une option. Reclaim Finance. https://reclaimfinance.org/site/2025/04/04/ag-2025-voter-contre-la-direction-des-entreprises-petrolieres-et-gazieres-nest-plus-une-option-2/

Chicago

Masson, Agathe. AG 2025 : voter contre la direction des entreprises pétrolières et gazières n’est plus une option. Reclaim Finance, 2025. https://reclaimfinance.org/site/2025/04/04/ag-2025-voter-contre-la-direction-des-entreprises-petrolieres-et-gazieres-nest-plus-une-option-2/.

Wikipedia

{{cite press release |last1=Masson |first1=Agathe |title=AG 2025 : voter contre la direction des entreprises pétrolières et gazières n’est plus une option |publisher=Reclaim Finance |date=4 April 2025 |url=https://reclaimfinance.org/site/2025/04/04/ag-2025-voter-contre-la-direction-des-entreprises-petrolieres-et-gazieres-nest-plus-une-option-2/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{masson20252025, author = {Masson, Agathe}, title = {{AG 2025 : voter contre la direction des entreprises pétrolières et gazières n’est plus une option}}, publisher = {Reclaim Finance}, year = {2025}, month = apr, url = {https://reclaimfinance.org/site/2025/04/04/ag-2025-voter-contre-la-direction-des-entreprises-petrolieres-et-gazieres-nest-plus-une-option-2/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }