Shareholders have continually put forward resolutions aimed at reducing greenhouse gas emissions, adjusting their business models and reducing methane releases. Investors are increasingly asking companies to align their operations to meet the Paris Agreement target of limiting global temperature rise to well below 2 degrees Celsius.
Read MoreInvestors who represent more than $60 billion in assets sent a letter on Thursday to all members of Congress expressing support for the Green New Deal, said investor-advocacy group As You Sow, which organized the letter.
Read MoreLaw360 (April 9, 2019, 7:09 PM EDT) -- The U.S. Securities and Exchange Commission is drawing new boundaries around how shareholders in ExxonMobil and other energy companies can demand climate change-related actions like reducing corporate carbon footprints and demanding disclosures on progress.
Read MoreInvestors will have the chance to vote on a proposal calling for Exxon Mobil to set up a board-level climate change committee at the oil giant’s forthcoming AGM.
Read MoreExxonMobil shareholders will not get a vote on whether the company should set targets for cutting its greenhouse gas emissions, following a ruling by the Securities and Exchange Commission.
Read MoreOver the past few weeks, companies like BP, Equinor, Exxon and Shell have publicly stated their support for direct federal regulation of methane.
Read MoreImagine a Walmart semi-truck rolling down the interstate with its back doors open, plasma-screen televisions tumbling out onto the highway, crashing through windshields and causing chaos.
Read MoreBP HAS agreed to a resolution from investors to disclose how its greenhouse gas reduction and future investments plans are in line with the Paris Agreement.
Read More“What we have found with these banks is they are reducing their own carbon footprints, but are ignoring the impact of their investments in fossil fuels,” Fugere explained.
Read MoreThe Securities and Exchange Commission recently allowed two large banks to block a shareholder proposal addressing the climate impact of the banks’ investment portfolios.
Read MoreBritish-Dutch oil major Royal Dutch Shell has made it clear this week that, at least publicly, it has no interest in doing business as usual, rebuking US President Donald Trump and his administration to tighten methane while at the same time announcing it plans to be the largest power company in the world by the early 2030s.
Read MoreAs public company annual meeting season nears, renewed calls for the SEC to raise the resubmission threshold on shareholder proposals are being fought by proponents of the current system who say the changes would hurt investors and companies.
Read MoreThe oil industry has suddenly grown concerned about its methane emissions.
Read MoreSeveral of the world’s biggest oil companies are voicing their support for federal regulations on methane emissions, even as the trade association lobbying on their behalf continues to back the Trump administration’s efforts to weaken those rules.
Read MoreShell and ExxonMobil support methane regulations.
Read MoreThe National Association of Manufacturers (NAM), a 123-year-old trade group that has worked diligently to defend Big Oil in the burgeoning climate liability battles, has also taken on another opponent to the status quo: investors.
Read MoreHeaded by the World Bank and the European Bank for Reconstruction and Development, commercial banks including ING, HSBC and Royal Bank of Scotland, along with investors such as BMO Global Asset Management, have announced their intention to phase out or stop investing in coal power generation.
Read MoreCharging infrastructure has been identified as one of the largest unknowns and sources of anxiety for fleets considering near-term adoption of battery-electric vehicles, according to the North American Council for Freight Efficiency.
Read MorePlanned IPOs by Uber and Lyft will likely lead to pressure from shareholder activists who want the ride-hailing giants to act more aggressively on stemming carbon emissions.
Read More
