Blog Archives
Exxon-Low-Carbon-Business-Model-Resololution-2018
BE IT RESOLVED: With board oversight, shareholders request ExxonMobil 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
Exxon, Chevron Face Judgment Day at Upcoming Shareholder Meeting
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
Ahead of Exxon’s annual meeting, shareholders and investors push for climate action
BOSTON (Reuters) – Shareholder activists focused on climate issues are gaining traction in their push to have large energy companies and utilities take account of the impact rising global temperatures could have on their businesses.
RELEASE: As You Sow Earns Strong Shareholder Support in Climate-Related Fugitive Methane Proposal
HOUSTON, TX – May 31, 2017 – In a very strong 38% vote at the ExxonMobil annual meeting today, shareholders demanded that Exxon take strong and innovative action on methane leaks. Unaddressed methane releases from … MORE
More company climate votes ahead, as Trump may loosen energy rules
Fox Business – November 25, 2016 – BOSTON – Activist shareholders plan a record number of resolutions focused on climate change at U.S. company annual meetings in 2017, even as President-elect Donald Trump looks set to … MORE
The carbon bubble: why investors can no longer ignore climate risks
The Guardian – October 27, 2016 – The financial risks posed by climate change and bad investments could make an ugly dent in your retirement savings, a new report warns.
Exxon-Low-Carbon-Transition-2017
RESOLVED: Shareholders request Exxon issue a report (at reasonable cost, omitting proprietary information) summarizing strategic options or scenarios for aligning its business operations with a low carbon economy (such as the International Energy Agency’s 450 … MORE
Exxon-Methane-Leaks-2017
RESOLVED: Shareholders request that Exxon report annually to shareholders (at reasonable cost, omitting proprietary information) and using quantitative indicators, the company’s actions beyond regulatory requirements to minimize methane emissions, particularly leakage, from the company’s hydraulic fracturing … MORE
RELEASE: Oil Industry Fundamentals “Weakening” Under Structural Pressure
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
RELEASE: Groundbreaking As You Sow Shareholder Resolution Pushes Oil Companies to Drop Barrel Based Reporting
Oakland, CA – May 25, 2016 – Today, at ExxonMobil’s Annual General Meeting, shareholders will vote on what could prove to be the beginning of a sea change in how big oil companies look at … MORE
Danielle Fugere: Avoiding the Fossil Fuel Cliff
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
Profits are Down at ExxonMobil, but Don’t Cry for CEO Rex Tillerson
The Washington Post – April 29, 2016 – After 10 years at the helm of the world’s biggest publicly owned oil company, Exxon Mobil chief executive Rex W. Tillerson has had mostly gloomy news for shareholders … MORE
SEC Overrides ExxonMobil Efforts to Stifle Shareholder Activism on Climate
Triple Pundit – March 28, 2016 – It is widely known that the wheels of justice — and of institutional change — turn slowly, especially when they turn against the well-established forces of the status … MORE
SEC Forces Exxon to Bring Climate-Friendly Accounting to Shareholder Vote
March 25, 2016 – In a key win, the Oakland-based non-profit advocacy group, As You Sow defeated ExxonMobil’s attempt to suppress an innovative, first of its kind shareholder resolution. The resolution asks Exxon to report its energy resources in … MORE
New Shareholder Resolution Incentivizing Big Oil’s Transition to Clean Energy, Wins at SEC
March 25, 2016 – In a key win, the Oakland-based non-profit advocacy group, As You Sow defeated ExxonMobil’s attempt to suppress an innovative, first of its kind shareholder resolution. The resolution asks Exxon to report … MORE
Carbon Asset Transition
Carbon Asset Transition, or CAT, asks oil and gas companies to account for their energy resources in BTUs, a generic unit of energy, rather than in “barrels of oil equivalent.” This allows oil & gas … MORE
RELEASE: New Shareholder Resolution Incentivizing Big Oil’s Transition to Clean Energy, Wins At SEC
AS YOU SOW RELEASE – March 25, 2016 – In a key win, the Oakland-based non-profit advocacy group, As You Sow defeated ExxonMobil’s attempt to suppress an innovative, first of its kind shareholder resolution. The resolution … MORE
ExxonMobil – Hydraulic Fracturing – 2016
BE IT RESOLVED: Shareholders request the Board of Directors report to shareholders, using quantitative indicators, by December 31, 2016, and annually thereafter, the results of company policies and practices above and beyond regulatory requirements, to … MORE
ExxonMobil – Climate Change – 2016
BE IT RESOLVED: Proponents request that, by February 2017 and annually thereafter in a publication such as its annual or CSR report, Exxon quantify and report to shareholders its reserve replacements in BTUs, by resource … MORE
What Exxon Didn’t Tell Their Shareholders
THE HILL – October 7, 2015 – Exxon was once a world leader in climate science. More than any other company or government at the time, Exxon developed deep insight into the dangers that burning … MORE
How Some Long-Term Investors are Fighting for Sustainability
TRIPLE PUNDIT – October 23, 2015 – Last week, Ceres and its Investor Network on Climate Risk released an illuminating analysis of how some major companies are responding to shareholder engagement on environmental, social and … MORE
Oil Companies are Having a Tougher Time Making Money
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
Oil Company Bosses’ Bonuses Linked to $1tn Spending on Extracting Fossil Fuels
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
A New Study Urges Leaving Fossil Fuels in the Ground. How Will It Affect Business?
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.
ExxonMobil – Fracking – 2015
BE IT RESOLVED: Shareholders request the Board of Directors report to shareholders using quantitative indicators, by December 31, 2015, and annually thereafter, the results of company policies and practices, above and beyond regulatory requirements, to … MORE
Little Progress In Fracking Disclosures, Report Says
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
Oakland’s As You Sow pushes Exxon to return money to shareholders
SF GATE | Got to tip my cap to As You Sow. The Oakland group, which pushes for corporations to make social and environmental reforms, is demonstrating some real creativity — not to mention impeccable … MORE
Exxon Mobil should return profits to investors, not build more reserves
THE GUARDIAN | The oil giant should focus on value rather than investing money in expensive projects to build the very fossil fuel reserves that endanger its own – and the planet’s – survival.
Exxon Investors Seek Dividend Boost in Lieu of New Fields
BLOOMBERG – November 25, 2014 – Activist investors who called a truce with Exxon Mobil Corp. (XOM) this year over climate change disclosures demanded the world’s biggest energy company give cash to shareholders rather than … MORE
RELEASE: New Proxy Resolution Urge ExxonMobil to Return Capital to Shareholders in the Face of Global Climate Change & Carbon Asset Risk
AS YOU SOW PRESS RELEASE – November 25, 2014 – In a first of its kind proposal, Shareholders Arjuna Capital/Baldwin Brothers Inc. and As You Sow seek increased dividends or share buybacks from Exxon Mobil … MORE
ExxonMobil – Carbon Bubble – 2015
BE IT RESOLVED: Shareholders hereby approve, on an advisory basis, Arjuna Capital/Baldwin Brothers’ proposal: In light of the climate change related risks of decreasing profitability and stranded asset risk associated with planned capital expenditures on … MORE
Shareholders propose that Exxon Mobil return capital to offset climate change risk
PENSIONS & INVESTMENTS | A shareholder proposal filed Tuesday calls for Exxon Mobil Corp. to return capital to shareholders to protect investor value from potential risk of stranded fossil-fuel assets from climate change disruption.
Exxon Investors Demand Dividend Boost In Lieu Of New Oilfields
FINANCIAL ADVISOR | Activist investors who called a truce with Exxon Mobil Corp. this year over climate change disclosures demanded the world’s biggest energy company give cash to shareholders rather than invest in costly new … MORE
Exxon Fracking Report Responds to Shareholders
WASHINGTON POST – Sep. 30 2014 – Under pressure from the corporate responsibility group As You Sow, as well as New York City Comptroller Scott Stringer and other shareholders, Exxon agreed earlier this year to … MORE
ExxonMobil Understating Climate Change Risk to Investors
BLUE AND GREEN TOMORROW – September 12, 2014 – ExxonMobil is underplaying the risks presented to its business and investors by the need for international action to prevent climate change, according to a new report.
RELEASE: Carbon Tracker Report Debunks ExxonMobil’s Denial of Carbon Asset Risks
AS YOU SOW PRESS RELEASE – July 10, 2014 – Today, the Carbon Tracker Initiative (CTI) issued a report finding that ExxonMobil (XOM) – the largest U.S. energy company – is significantly underestimating the risks … MORE
Exxon Bows to Investor Demands to Disclose Fracking Risks
BLOOMBERG BUSINESSWEEK – Apr. 3, 3014 – Exxon Mobil (XOM:US) Corp. bowed to activist investors for the second time in two weeks by agreeing to disclose more information about risks associated with hydraulic fracturing used … MORE
RELEASE: Carbon Tracker Initiative Launches New Research Series Highlighting Risk of Stranded Assets
AS YOU SOW PRESS RELEASE – May 8, 2014 – The Carbon Tracker Initiative issued a report today indicating that many high cost, high carbon capital expenditures by fossil fuel companies are likely to have … MORE
The IPCC and ExxonMobil Have Very Different Thoughts About Our Future
MOYERS & COMPANY – April 23, 2014 – Earlier this month, we noted that shareholders were attempting to push ExxonMobil to recognize the importance of climate change and take into account the risks posed by … MORE
