By Jo Nova

Nearly every proposal from the climate activists was struck down:

How times have changed. After the energy crisis of 2022 investors at major oil and gas firms are spurning climate activism. A year ago nearly a third of investors at Chevron and Exxon voted for the draconian “Scope 3” emissions targets. These targets are ludicrous — requiring the oil and gas giants to adopt a plan to reduce third party use of their own products. It’s like a form of corporate sabotage.

This year only about 10% of the same investors voted for these measures. And apparently there’s a similar trend on the other side of the Atlantic with BP and Shell investors rejecting activism too.

This is a very encouraging sign that the dominance of BlackRock et al is waning — they are bullying the world with other people’s money, and word is spreading as the US states fight back.

ESG Blowback: Investors Reject Climate Measures at Exxon, Chevron

By Collin Eaton and Jenny Strasburg, The Wall Street Journal

The votes were abysmal for climate activists. All but two of the 20 shareholder proposals for the two companies garnered less than 25% […]