On May 2, 2024, Follow This, Amundi, and Axa Investment Managers, along with 25 others announced that they have sent a letter to shareholders of Shell Plc, called on to support a resolution demanding greater climate action at the Company?s 2024 annual meeting of shareholders, Follow This mentioned in the letter that now is time to send a signal to the industry that investors are determined to reach Paris. In addition, Follow This stated that it has been trying to get its Big Oil targets to adopt emission-cutting targets in line with its priorities but instead, the Companies have been adjusting their climate action targets, and the Company has a target of cutting its Scope 1 and 2 emissions by 50% by 2030 from 2016 levels, yet earlier this year(2024) it revised its overall Energy Transition Strategy, saying that it would now aim for a 15-20% reduction in its net carbon intensity target by 2030, compared to 2016, against a previous target of a 20% cut. The eased emissions target is the result of the Company prioritizing value over volume in power, with a focus on select markets and segments and selling more power to commercial customers, and less to retail customers.