Before entering ExxonMobil’s annual meeting in Dallas last week, shareholders had to pass local activists holding a 100-foot-long banner with the message “Climate Crisis: #ExxonKnew—Make Them Pay.”
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Shareholders at two of the world’s biggest oil and gas producers are urging the companies to adopt polices to reduce their impact on climate change.
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It is a new sound. In the last month of May, the period in which the oil sector holds its annual meetings for shareholders, climate change was high on the agenda almost everywhere.
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"Molecules of U.S. freedom.” “Freedom gas.”
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Exxon and Chevron shareholders rejected a series of climate change-related proposals at the companies’ annual investors meetings on Wednesday.
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Exxon Mobil shareholders Wednesday voted down a proposal that would have required the board chair be independent from the company.
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Climate change-related proposals met with mixed results at British Petroleum’s annual shareholder’s meeting on Tuesday.
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At BP’s annual meeting today, investors holding billions in shares, including six of the largest fund managers in the U.K., asked the company to adopt a climate resolution in line with the goals of the Paris climate agreement.
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Along a tree-lined stream in Preston County, the energy industry is changing the legacy that commerce leaves on our environment.
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Oakland, California—May 14, 2019—The biggest Dutch investor, Aegon Netherlands and Aegon Asset Management Netherlands, announced this week its support for nine shareholder climate resolutions, including As You Sow’s Chevron Paris-aligned business transition proposal and a petrochemical resiliency proposal filed with Exxon.
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Investors' efforts to get energy and utility companies to set greenhouse gas reduction targets and disclose their plans for meeting those goals are facing more hurdles now than in the past five years.
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Occidental Petroleum could have billions more from Berkshire Hathaway to sweeten a deal to buy Anadarko Petroleum, despite an agreement from earlier this month where Chevron Energy would acquire the smaller oil company.
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President of As You Sow Danielle Fugere said responsible water usage is especially important in the southwest U.S. She said 51 percent of oil and gas wells in Texas – the largest oil-producing state – are in high or extremely-high stressed water regions. “As climate change increases water scarcity in certain regions, investors need assurance that companies are responsibly managing the amount of water they use to protect communities, the environment, and other water users,” she said.
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In deal news, shares of Anadarko Petroleum are trading sharply higher in pre-market trading after Occidental Petroleum put out a rival bid for the company worth $57 billion.
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Released on Wednesday morning, the report reviewed the 30 of the largest publicly traded oil and gas gas companies in the United States and Canada.
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President Donald Trump has ordered a review of the influence of proxy advisory firms on investments in the fossil fuel industry, a move that could ultimately help oil and gas companies prevent shareholders from voting on resolutions aimed to address the risks of climate change
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Following President Trump’s executive order on issuing permits and promoting energy infrastructure and economic growth, energy associations reacted in support.
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One of the nation’s largest oil and gas companies is expanding its presence in the Permian Basin with a multi-billion-dollar acquisition of Texas-based Anadarko Petroleum.
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PRAISE and criticism was dispensed to fossil-fuel companies last week by the Church Commissioners, who have suggested that ExxonMobil needs to catch up with its rival, Shell.
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A far better use of the administration's energy would be to support American innovation and create jobs by leading the world toward a low-carbon economy."
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