Shareholder advocacy group As You Sow testified Wednesday at the sole public hearing of the U.S. Environmental Protection Agency (EPA) on its proposed rollback of the New Source Performance Standards regarding methane emissions from the oil and gas sector.
Read MoreFollowing an investor proposal filed at DTE Energy by shareholder advocate As You Sow, the company announced a new time-bound pledge to reduce methane emissions from its natural gas utility operations by 80% by 2040.
Read MoreThe Trump administration plan to weaken existing methane regulations, easing requirements for the oil and gas industry. The U.S. Environmental Protection Agency’s proposal would reduce the frequency of monitoring methane emissions from gas and oil wells, increasing the risk of methane releases.
Read MoreStrategic review looks at impact of seven years of resolutions on moving oil & gas on climate change and investor underperformance due to holding the sector. Today’s release of “2020: A Clear Vision for Paris Compliant Shareholder Engagement” lays out a clear plan for shareholders to move oil & gas companies to transition to 2 degree-compliant business models.
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Next week all eyes will be on California during the Global Climate Action Summit and PRI in Person in San Francisco. As global leaders from the public and private sector gather to push for bold action on climate change, As You Sow is focused on
Read MoreToday, As You Sow and Corporate Knights released its fifth update of the Carbon Clean 200™ (Clean200™), a list of the 200 largest publicly traded companies making significant revenue from clean energy. After a period of outperforming the S&P Global 1200 Energy Index (fossil fuel benchmark), a series of global events converged to leave the Clean200 behind the fossil fuel benchmark for only the second time since its inception two years ago. However, the Clean200 when excluding Chinese companies continued to outperform.
Read MoreToday, the Trump administration announced its proposed “Affordable Clean Energy” rule to replace Obama’s Clean Power Plan. Lila Holzman, energy program manager of As You Sow, made the following statement: “Investors are deeply disappointed by this most recent attempt of the Trump administration to prop up the failing coal industry…
Read MoreToday, the Trump administration announced its plan to roll back nationally agreed upon fuel economy standards, including plans to eliminate California’s authority to set its own automotive emissions rules.
Danielle Fugere, president of As You Sow, made the following statement:
Read MoreA group of 56 institutional and individual investors representing nearly $713 billion in AUM sent a letter to General Electric (GE) today calling on the company to reconsider its recent decision to acquire a 20% stake in Kenya’s proposed Lamu coal plant. Lamu is one of Kenya’s top tourist destinations and home to an UNESCO World Heritage Site. The proposed coal plant faces fierce opposition, both locally and internationally.
Read MoreShareholder advocate As You Sow today released a report outlining how natural gas providers can reduce methane emissions from their distribution systems, an often overlooked segment of the natural gas supply chain. The End of the Line focuses on natural gas suppliers that commonly contribute to methane leaks, but are rarely held accountable.
Read MoreA shareholder resolution filed at Kroger by corporate responsibility group As You Sow, received strong support from approximately 31% of Kroger’s shareholders. The resolution highlights the need for Kroger to responsibly manage its carbon emissions by increasing its renewable energy adoption.
Read MoreToday, General Motors (GM) shareholders voted on a resolution filed by shareholder representative As You Sow urging the Company to report on how it will address the Trump administration’s proposed weakening of CAFE standards. 26% of GM’s shareholders asked the company for clarity on whether, and to what degree, the company will change its product plans and business strategy as a result of the announced weakening of standards.
Read MoreApproximately 45% of Chevron’s shareholders voted today in favor of a fugitive methane reduction resolution put forward by shareholder advocate As You Sow and co-filers. This proposal highlights Chevron as one of the top methane emitters, ranking 17 out of the highest 100 methane emitters from onshore production while also noting its failure to keep up with peers in reporting its methane reduction actions.
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.
Read MoreAs 2018’s annual general meetings press on, attention this week turns to Chevron. Among the shareholder resolutions awaiting a vote on the proxy are two from shareholder advocacy organization As You Sow.
Read MoreExxonMobil today announced an intent to reduce methane emissions by 15% by 2020 and undertake other greenhouse gas reduction measures at refining and chemical manufacturing operations focused on efficiency improvements. This announcement follows a successful shareholder vote of nearly 40% on As You Sow’s 2017 methane resolution with ExxonMobil asking the company to detail plans to curtail its methane emissions.
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Today, a majority of Anadarko shareholders voted in favor of an As You Sow proposal asking the Company to assess the risks to its portfolio of scenarios consistent with limiting global warming to 2 degrees Celsius or below, as defined in the Paris Agreement. Shareholders have signaled a need to understand how Anadarko will retain its value in an increasingly low carbon energy market.
Read MoreFord Motor Company’s shareholders delivered a strong message to the Company, today, with 24% voting for clarity on the Company’s near term actions on fuel economy. Danielle Fugere, president of As You Sow, had this to say:
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