Climate Change Pressures From Activist Investors Environmentalists, politicians and even celebrities have certainly had a lot to say about climate change and the oil and gas industry. But it's the pressure being driven by investors that has had the most effect on the sector. Before the year closed, Chevron and Equinor became the latest targets of activist investors moving to force five of the biggest oil companies to commit to fixed emissions targets and align with the Paris climate agreement. The activist investors of Chevron Corp. said on Dec. 19 they had filed annual meeting resolutions calling for the oil company to embrace greenhouse gas reductions. In Europe, Follow This filed a climate resolution for Equinor's 2019 annual general meeting, mirroring its activist moves on BP (NYSE: BP ) and Royal Dutch Shell (NYSE: RDS.A ). A spokesman for Equinor said it was supporting the Paris climate agreement. "We have our own climate roadmap and clear goals for how to cut CO2 emission," he said.