his week Devon Energy announced a new commitment to reduce the intensity of its methane emissions from 0.32 percent in 2018 to 0.28 percent by 2025. This announcement comes recently after the company’s sale of its high-carbon oil sands assets in Canada.
Read MoreToday, 33% of investors at Chevron Corporation’s annual meeting voted in support of a shareholder resolution asking the company to report on how it plans to reduce its full range of greenhouse gas emissions and transition its business model to align with a decarbonizing energy market. Also today, at Exxon’s annual meeting, 25% of investors voted in support of a shareholder resolution asking the company to issue a report assessing the public health risks of expanding petrochemical operations in areas increasingly prone to climate change-induced storms, flooding, and sea level rise.
Read MoreShareholder proposals brought by As You Sow will challenge two of the world’s largest oil and chemical producers, ExxonMobil and DowDuPont at annual meetings on May 29 and June 25, respectively, to issue a report assessing the public health risks of expanding their petrochemical operations and investments in areas increasingly prone to climate change-induced storms, flooding, and sea level rise, and the risks such operations pose to public health.
Read MoreToday, 99 percent of BP shareholders voted in support of a resolution drafted by Climate Action 100+, a group of 300 investors with more than $33 trillion in assets under management, calling for the oil giant to align its business strategy with the 2015 Paris Agreement.
Read MoreThe biggest Dutch investor, Aegon Netherlands and Aegon Asset Management Netherlands, announced this week its support for nine climate resolutions, including As You Sow’s Chevron Paris-aligned business transition proposal and a petrochemical resiliency proposal filed with Exxon.
Read MoreToday, a group of more than 50 investors representing more than $60 billion in assets under management sent a letter to all 535 Members of Congress expressing support of the Green New Deal’s urgent call to action on climate change.
Read MoreThe Trump administration continues to drive the country backward with an announcement that it will sign a number of executive orders attempting to foist unwanted oil and gas pipelines on states and localities.
Read MoreWells Fargo and Goldman Sachs, two banks with major investment and loan portfolios in fossil fuel projects, filed motions to exclude from their proxies a climate related shareholder resolution.
Read MoreAt CERAWeek, Shell broke its tradition of avoiding government criticism to call on the Trump administration to tighten methane restrictions from oil and gas operations. Exxon also doubled down on its position that federal methane regulation has an important role to play in leveling the playing field and reducing environmental risks.
Read MoreThe U.S. Securities and Exchange Commission (SEC) ruled Monday that Anadarko Petroleum Corporation cannot exclude a shareholder proposal filed by As You Sow. The proposal asks the company to issue a report describing if, and how, it plans to reduce its greenhouse gas emissions to align with the Paris Agreement’s goal of avoiding catastrophic climate change.
Read MoreToday, New York City Comptroller Scott Stringer launched a Net Zero Utility Decarbonization Initiative on behalf of an investor coalition representing $1.69 trillion in assets. The initiative calls on U.S. utilities to adopt particular recommendations in advance of their 2020 proxy statements.
Read MoreThe Trump administration announced Thursday that it had decided to scrap negotiations with California over the president’s plan to undo nationally agreed upon fuel efficiency standards for cars and light trucks. This announcement sets the stage for one of its most consequential climate-policy rollbacks.
Read MoreAs You Sow and Corporate Knights released today its sixth update of the Carbon Clean 200™, a list of the 200 publicly traded companies that are leading the way among their global peers to a clean energy future.
Read MoreDominion announced today that it will reduce its operational methane emissions 50 percent by 2030 from a 2010 baseline.
Read MoreA shareholder resolution filed at Atmos Energy Corporation by corporate responsibility group As You Sow received strong support from close to 35% of Atmos’ shareholders. The resolution asks Atmos to monitor and minimize its methane emissions.
Read MoreBP announced today that it will support a resolution from investors of the Climate Action 100+ initiative asking the company to broaden its corporate reporting to describe how its strategy is consistent with the goals of the Paris Agreement. The energy giant said the BP board has decided to support the proposed resolution, which will be put to shareholders at the company’s annual general meeting in May 2019.
Read MoreInvestors at Chevron Corporation’s annual meeting will vote today on a shareholder resolution put forward by As You Sow and Arjuna Capital. The resolution asks Chevron to report to shareholders on how the company plans to transition its business model to successfully align with a decarbonizing energy market, while also taking a role in helping to limit the planet’s warming to under two degrees Celsius.
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