As You Sow, a group that has worked with APS on plans to reduce the company’s reliance on fossil-fuel based energy, in an email to POWER said its supports APS’s action plan. “We commend APS for this important step toward addressing its climate impact and positioning itself to thrive in the coming clean energy economy,” said Lila Holzman, energy program manager of As You Sow. Read More →
Read MoreThe pressure on Barclays is also an indication of what will be coming the way of US banks in years to come, according to US investor As You Sow. “We are pleased to see Barclays show leadership at this particularly critical time of economic uncertainty,” said Danielle Fugere, president of As You Sow. “This announcement from a European bank continues to highlight the gap of inaction by US banks.” Read More →
Read MoreDanielle Fugere, president and chief counsel of coalition member group As You Sow, said in a separate statement about the decision that Barclays' decision "is critically important to helping ensure the world meets its climate goal," and that it also "highlights the gap of inaction by U.S. banks, who will continue to see pressure from shareholder resolutions, including an upcoming one with J.P. Morgan Chase." Read More →
Read MoreInstitutional investors and asset owners have a fiduciary duty toward their beneficiaries and no longer wish to subject their investments to climate change risks, according to Danielle Fugere, president of nonprofit organization As You Sow, one of the shareholders behind the resolution. Read More →
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