With Chevron (NYSE:CVX) set to host its annual meeting on May 27, shareholders are pushing for the company to report on how the company's chemical segment is contributing to the human toll of climate change. Investors who prioritize social responsibility may not like Chevron's response.
The stage is set
This year, thanks to the Covid-19 pandemic, Chevron's annual meeting will be held by phone. The company will be talking about its financial position and growth strategies, and calling for shareholder votes on various management issues and proposals from those same shareholders.
One proposal asks the company to report on how expanding the operations of its chemical division, CPChem, may affect public health in areas prone to climate-change-related natural disasters. Read Full Article, The Motely Fool, April, 29 2020