Oil giant ExxonMobil has avoided having to face a shareholder resolution on plastic pellet pollution after an agreement with investors - though the issue will go to the vote at peer companies like Chevron and Philips 66.
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ExxonMobil has agreed to start reporting plastic pellet spills from its polymer production plants under shareholder pressure to prevent ocean pollution, the shareholder group As You Sow said Wednesday.
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HOUSTON, March 27 (Reuters) - Exxon Mobil Corp agreed to start reporting spills of plastic pellets from its chemical plants this year, according to an activist shareholder group that pressed the company on the issue.
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The British Columbia Investment Management Corp. said on April 4, 2019 it will vote against the proposed merger of Goldcorp Inc. and Newmont Mining Corp., highlighting its disapproval of a $US12 million retirement allowance for Goldcorp’s chair.
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Imagine 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.
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Electronic Arts is laying off about 350 of its 9,000-person staff, CEO Andrew Wilson announced in a blog post on its website Tuesday.
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In March 2018, Adrian Grenier delivered As You Sow’s shareholder proposal to Starbucks annual meeting encouraging the company to move away from using plastic straws in its drinks.
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BP 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.
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You’re concerned about climate change. But chances are, you don’t know what’s really in your investment portfolio and whether your investments are helping or hurting the cause.
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“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.
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The Securities and Exchange Commission recently allowed two large banks to block a shareholder proposal addressing the climate impact of the banks’ investment portfolios.
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Creating foundational documents aimed at establishing an industrywide approach to identify and address forced labor in cotton sourcing, the Responsible Sourcing Network (RSN) on Wednesday released the YESS: Yarn Ethically & Sustainably Sourced Standard, and YESS Workbook.
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When investing client assets in ESG-focused funds, don’t just consider a fund’s investment strategy and holdings; look also at its proxy voting history and current votes on shareholder resolutions, now that the proxy voting season is underway. What you find may surprise you and/or your clients.
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British-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.
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Climate change questions don’t get more fundamental than this one: How much time is left to act before it is too late?
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As 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.
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The oil industry has suddenly grown concerned about its methane emissions.
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Several 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.
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Guns, opiods and climate change are the dominant issues shareholders are focusing on in resolutions filed this proxy season, according to the Proxy Preview 2019 report released Tuesday.
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Shell and ExxonMobil support methane regulations.
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