Posts tagged Accounting

Marathon Oil Corp: Net Zero Scenario analysis or disclose critical climate financial assumptions

BE IT RESOLVED: Shareholders request that Marathon Oil’s Board of Directors provide an audited report addressing how application of the assumptions of the IEA’s Net Zero by 2050 pathway would affect the assumptions and estimates underlying Marathon’s financial statements, including its long-term commodity and carbon prices, remaining asset lives, existing and future asset retirement obligations, capital expenditures, and asset valuations (impairments). The report should be produced at reasonable cost and omitting proprietary information.

EnergyAs You SowDecember 17, 2021Climate Change, GHG Emissions, Climate Change Risks, Accounting, Marathon Oil, Marathon

Valero Energy Corp: Net Zero Scenario analysis or disclose critical climate financial assumptions

BE IT RESOLVED: Shareholders request that Valero's Board of Directors issue an audited report disclosing whether and how applying the assumptions of the International Energy Agency’s Net Zero by 2050 pathway scenario would affect the assumptions, costs, estimates, and valuations underlying its financial statements, including those related to supply and demand, resiliency of assets, remaining asset lives, capital expenditures, and impairments. The Board should produce the report at reasonable cost and omitting proprietary information.

EnergyAs You SowNovember 25, 2021Climate Change, GHG Emissions, Climate Change Risks, Valero, Valero Energy, Accounting