Oakland, CA – In a new shareholder resolution, As You Sow and Dominican Sisters of Hope, Congregation of St. Joseph, Adrian Dominican Sisters, and Dignity Health are calling upon Chevron to report to shareholders on … MORE
BE IT RESOLVED: Shareholders request that Chevron provide a report (at reasonable cost, omitting proprietary information) using quantitative indicators, on the company’s actions beyond regulatory requirements to minimize methane emissions, particularly leakage, from the company’s … MORE
BE IT RESOLVED: With board oversight, shareholders request Chevron issue a report (at reasonable cost, omitting proprietary information) describing how the Company could adapt its business model to align with a decarbonizing economy by altering … MORE
In preparation for their annual meetings on May 31, both Chevron and ExxonMobil opposed every climate-related resolution put forth by their shareholders. In a previous post, I wrote that Chevron continues to downplay climate risks … MORE
RELEASE: High Investor Support for As You Sow, Arjuna Capital’s Resolution for Carbon Transition Planning, Maintains Shareholder Sweep on Carbon-Related Proposals
Midland, Texas – May 31, 2017 – A first of its kind shareholder proposal calling for carbon transition planning earned a strong vote today in the midst of a proxy season where climate change proposals … MORE
BE IT RESOLVED: Shareholders request that Chevron issue a report (at reasonable cost, omitting proprietary information), assessing how it can respond to climate change and the resultant transition to a low carbon economy by evaluating … MORE
July 13, 2016 – Higher extraction costs. International supply competition. Falling profit margins. Mounting debt. Shrinking cash. Competing technologies. Rising regulatory risk. Social pressure due to climate change. Indicators are now flashing yellow for the … MORE
San Francisco Chronicle – May 23, 2016 – Oil companies measure their global petroleum reserves in terms of barrels — the more, the better, as far as Wall Street is concerned.
Responsible Investor – May 9, 2016 – It is becoming clear to shareholders and companies alike this proxy season that “business as usual” is no longer a viable strategy for 21st century businesses. Recognizing the … MORE
BE IT RESOLVED: Proponents request that, by February 2017 and annually thereafter in a publication such as the annual or CSR report, Chevron quantify and report to shareholders its reserve replacements in BTUs, by resource … MORE
BE IT RESOLVED: Shareholders request the Board of Directors to report to shareholders via quantitative indicators on all shale plays where it is operating, by September 30, 2016, and annually thereafter, the results of company … MORE
GRIST – September 29, 2015 – One morning in May, Danielle Fugere tried to convince America’s second-largest oil company to get out of the oil exploration business. Standing before a room full of Chevron shareholders … MORE
RELEASE: Chevron Shareholders with $7.75 Billion in Stock Vote to Increase Dividends to Protect Investor Capital in the Face of Risky Investments in Costly Carbon Reserves
AS YOU SOW RELEASE – May 27. 2015 – An As You Sow and Arjuna Capital shareholder resolution calling on Chevron to increase dividends to shareholders in light of continued outsized spending on high-cost, high-carbon … MORE
THE GUARDIAN – May 25, 2015 – Bosses at the world’s big five oil companies have been showered with bonus payouts linked to a $1tn (£650bn) crescendo of spending on fossil fuel exploration and extraction … MORE
FINANCIAL TIMES – May 24, 2015 – Asset owners concerned about climate change will have a chance to prove their commitment to the cause at Chevron’s annual general meeting this week. Resolution seven on the … MORE
RELEASE: In Wake of Major Climate Votes at BP and Shell, How Will Chevron Shareholders Respond Next Week?
AS YOU SOW RELEASE – May 21, 2015 – The 2015 shareholder season has seen record-high votes by shareholders at BP (98 percent) and Shell (99 percent) seeking greater disclosure of climate-related risks. In less … MORE
NGOs Launch Pension Fund Member Voting Platform for Supporting Shareholder Resolutions, Starting at Chevron
RESPONSIBLE INVESTOR – May 13, 2015 – A group of NGOs endorsed by the International Trade Union Confederation, which has millions of pension scheme members, has created an on-line pressure campaign that will enable members … MORE
RELEASE: Despite Chevron’s Legal Challenge, Shareholder Resolution on Economic Risks of Climate Change Going to Vote
AS YOU SOW RELEASE – March 18, 2015 – Just weeks before Chevron’s annual meeting, the Securities and Exchange Commission (SEC) ruled in favor of nonprofit As You Sow and wealth manager Arjuna Capital/Baldwin Brothers … MORE
THE GUARDIAN – January 8, 2015 – Climate researchers are urging that fossil-fuel extraction come to a complete halt if governments are to stall temperature rise. We asked business experts and investors to weigh in.
BE IT RESOLVED: Shareholders request the Board of Directors to report to shareholders via quantitative indicators on all shale plays where it is operating, by September 30, 2015, and annually thereafter, the results of company … MORE
BE IT RESOLVED: Shareholders request the Board of Directors to adopt and issue a dividend policy increasing the amount authorized for capital distribution to shareholders in light of the growing potential for stranded assets and … MORE
FINANCIAL ADVISOR MAGAZINE – December 12, 2014 – Oil and gas companies have made a little progress in reporting on their efforts to protect the environment during fracking operations, according to a report by a … MORE
Shareholders request the Board of Directors to report to shareholders via quantitative indicators by September 30, 2014, and annually thereafter, the results of company policies and practices, above and beyond regulatory requirements, to minimize the … MORE
Shareholders request Chevron to prepare a report by September 2014, omitting proprietary information and prepared at reasonable cost, on the company’s goals and plans to address global concerns regarding fossil fuels and their contribution to … MORE
RELEASE: Shareholders Target Companies’ Failure to Measure and Reduce Impacts of Hydraulic Fracturing
AS YOU SOW PRESS RELEASE – February 4, 2014 – ExxonMobil, Chevron, EOG Resources, Occidental Petroleum, and Pioneer Resources received shareholder resolutions from a coalition of investors concerned about the lack of reported progress in … MORE
FINANCIAL ADVISOR – February 4, 2014 – A coalition of shareholders announced Tuesday that it has filed resolutions against five major oil and gas companies protesting the companies’ lack of reported progress in mitigating the … MORE
Historically, environmental and social shareholder proposals have failed to resonate with most investors. According to Proxy Monitor’s data from 2008 to 2010, the most likely resolutions to gain shareholder approval have related to relatively straightforward … MORE
As You Sow Press Release
RELEASE: Investors to Challenge ExxonMobil and Chevron to Disclose and Minimize Environmental & Community Impacts of Fracking
As You Sow Press Release
As You Sow Press Release
MOXY VOTE – May 27, 2011 – On Wednesday this past week, ExxonMobil (XOM) and Chevron (CVX) shareholders voiced their opinion about the companies’ hydraulic fracturing practices.
TRIPLE PUNDIT – May 23, 2013 – For the fourth year in a row, a group of shareholders has organized to pressure oil and gas companies to disclose and address the risks of a drilling … MORE
Our 2011 shareholder resolution requested the company to publish a report on the environmental risks of fracking and policy options the company can adopt to mitigate these risks. 40.5% of investors supported this resolution, an … MORE
Our 2012 resolution, on the effects of community opposition and known regulatory impacts, received support from 27% of investors.
Our 2013 resolution requests a report, using qualitative indicators, on the results of company procedures and practices to minimize any adverse environmental and community impacts from the company’s natural gas extraction operations. The requested data … MORE
SOCIAL FUNDS – February 25, 2013 – Described as laggards for their failure to address investor concerns, the oil and gas giants face shareowner resolutions addressing environmental and social risks associated with hydraulic fracturing.