As You Sow has introduced a shareholder proxy asking for JPMorgan to commit to aligning its financing with the Paris Agreement on climate change. The bank has asked the SEC for permission to omit that proposal and others related to climate change from consideration during the upcoming proxy season. Read More →
Read MoreJPMorgan still is not addressing its larger oil and gas portfolio, nor is it committing to align with the Paris climate agreement, said Danielle Fugere, president of As You Sow, an investor climate advocacy group. Read More →
Read MoreActivists, including the As You Sow Foundation, Trillium Asset Management and Boston Trust Walden, said they had received notices that the bank has asked for regulatory permission to skip votes at its spring annual meeting on proposals such as reporting on greenhouse gas emissions tied to its lending. Read More →
Read MoreMore than 386 employees at e-commerce giant Amazon have broken the company’s rules by posting statements on a social media site to complain that their employer is a major factor in climate change. Read More →
Read MoreIts “Small Cap” fund scored an A rating — signifying no stock holdings in oil, gas and coal companies — from Fossil Free Funds, a website maintained by As You Sow, an environmental group. But its “Sustainable Emerging Markets” fund received a grade of D. Read More →
Read MoreAndrew Behar, CEO of As You Sow, a nonprofit organization dedicated to increasing environmental and social corporate responsibility, said in a statement, “It is positive to hear BlackRock make a clear statement on divestment of coal; however we do not see the same rhetoric about oil and gas or the banks that fund continued extraction of fossil fuels. Let’s see if their ESG funds are actually fossil free, including no coal-fired utilities, and if BlackRock votes their shares in support of Paris [climate accord] compliance and net-zero shareholder resolutions.” Read More →
Read MoreNEW YORK — A changing climate means dramatic risks for the world — and for investments too, the chief of the world’s largest investment manager said Tuesday. Read More →
Read More“Reducing greenhouse gas emissions at the margins, while continuing business as usual as Exxon and Chevron are doing, is not a successful long-term business plan, especially when competitor companies are implementing new paths to thrive in a low-carbon economy,” said Danielle Fugere, president of As You Sow, sponsor of resolutions demanding Chevron and Exxon align their business models with the goals of the Paris Agreement. Read More →
Read More“Investors are quite concerned that companies like Chevron that are producing fossil fuels will continually be caught with assets that they can't sell. If utilities can buy solar at a cheaper rate than natural gas, that will impact Chevron,” said Danielle Fugere, president and chief counsel of shareholder advocacy group As You Sow. Read More →
Read MoreA pair of events over the past few days offers a preview of upcoming investor efforts to push some of the world's largest companies to get more active on global warming.
Read MoreAs the climate crisis facing the planet becomes more immediate — fueled by powerful images that include devastating floods in Venice and uncontrollable wildfires in the Amazon — companies are waking up to the role they play in climate change and announcing plans for ways to reduce their carbon footprint.
Read MoreThat was the reaction Wednesday from sustainability professional Jessica Davis after oil giant Chevron announced that it was writing down at least $10 billion and as much as $11 billion in assets.
Read MoreA New York judge found ExxonMobil not guilty of deceiving investors about how it accounted for the cost of future climate-change regulations.
Read MoreNew York City's chief financial officer has called on three large U.S. utilities to institute an independent board chair in a move intended to help them navigate a transition to a low-carbon economy.
Read MoreA new report released Friday claims that if fossil fuel companies want to have any chance of hitting Paris Climate Accord numbers by 2040, they will have to cut production by over a third.
Read MoreIn the history of the earth’s climate two years is a infinitesimal blip, but in the recent history of investor-led efforts to push for action on climate change from corporations, two years has meant a great deal.
Read MoreBarely a dozen proposals on environmental issues put forward by shareholders reached a vote across 1,500 of the largest US companies, raising questions about institutional investors’ determination to push for meaningful corporate action on climate change.
Read MoreWith the oil industry continuing to invest heavily in projects all but assured to lose money as the world moves toward a lower-carbon economy, as a study published last week shows, investors may increasingly turn to shareholder lawsuits to protect their investments.
Read MoreOil giants themselves have acknowledged that demand for their product will peak at some point as the worldwide transition to electrified transportation and renewable power generation continues.
Read MoreA $55 billion deal that saw the merger of two Texas-based oil and gas companies closed Thursday after a months-long bidding war.
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