A majority of Phillips 66 investors voted for a shareholder proposal that asked the Houston refiner to produce information about the public health risks of expanding petrochemical operations along the U.S. Gulf Coast.

The proposal, which was filed by the climate activist shareholder group, As You Sow, argued that building chemical facilities in areas more prone to climate risks such as frequent storms, flooding and sea level rise, could pose financial, health, environmental and reputation risks to the Houston refining and pipeline company.

Some 54 percent of shareholders approved the proposal during the company’s annual meeting on May 6. The proposal requests the company assess the measures it is taking to prevent public health effects from chemical releases. Read Full Article - Houston Chronicle, May 12, 2020