Blog Archives
RELEASE: Investors Challenge FirstEnergy to Evaluate Carbon Asset Risks Associated With Climate Change
Oakland, CA – Continuing the momentum from last year’s majority votes requesting analysis of how energy companies will succeed in an increasingly low carbon economy, investors filed a shareholder proposal today with FirstEnergy, whose Midwest … MORE
FirstEnergy-CAR-Resolution-2018
RESOLVED: Shareholders request that FirstEnergy, with Board oversight, produce a report, at reasonable cost and omitting proprietary information, assessing the long-term portfolio impacts of a scenario consistent with the internationally recognized Paris Agreement goal of … MORE
Firstenergy-Carbon-Asset-2017
BE IT RESOLVED: Shareholders request that FirstEnergy prepare a report, at reasonable cost and omitting proprietary information, disclosing its strategy for aligning business operations with the 2015 Paris Agreement’s goal of limiting global warming to … MORE
FirstEnergy – Climate Change – 2016
BE IT RESOLVED: Shareholders request that FirstEnergy prepare a report by September 2016, omitting proprietary information and at reasonable cost, quantifying the potential financial losses to the company associated with stranding of its coal generation … MORE
RELEASE: Shareholders Vote for Greenhouse Gas Reductions at Midwest Utilities
AS YOU SOW RELEASE – May 21, 2015 – Citing climate change impacts and financial risks of carbon-intense coal assets, shareholders representing billions of dollars of assets voted for carbon reduction targets at FirstEnergy and … MORE
FirstEnergy – Climate Change – 2015
BE IT RESOLVED: Shareholders request that FirstEnergy create specific, quantitative, time bound carbon dioxide reduction goals to decrease the company’s corporate carbon dioxide emissions, and report by September 2015 on its plans to meet the … MORE
Investor Group Demands Fossil Fuel Companies Disclose Carbon Asset Risk
REUTERS – February 12, 2014 – A group of investors with combined assets of over $200 billion filed shareholder resolutions on Wednesday with ten energy companies, including Exxon Mobil and Southern Co, demanding they disclose … MORE
FirstEnergy – Coal – 2014
FirstEnergy, an Ohio-based energy producer, has agreed to produce a comprehensive report on the company’s plan to reduce greenhouse gas emissions. As a result, a shareholder resolution co-filed by DiNapoli, Connecticut Treasurer Denise L. Nappier … MORE
When It Comes to Getting Coal-Burning Utilities to Clean Up, Investors May Have More Power Than Regulators
FORBES – January 22, 2014 – Should asset managers ply the companies in which they invest to be more environmentally assertive?
Why Investors Should Focus On ‘Non-Financial Issues’
FORBES – January 17, 2014 – Once a nice corner of the market, analysis of environmental, social and governance (ESG) trends is increasingly taking centre stage, as illustrated by the recent news that the US … MORE
RELEASE: DiNapoli and Investor Group Reach Shareholder Agreement With FirstEnergy
AS YOU SOW PRESS RELEASE – January 15, 2014 – First Energy, an Ohio-based energy producer, has agreed to produce a comprehensive report on the company’s plan to reduce greenhouse gas emissions, New York State … MORE
Under Investor Pressure, Utility to Study Emissions
THE NEW YORK TIMES – January 14, 2014 – FirstEnergy, one of the country’s largest electric companies, has agreed to work toward reducing its carbon emissions in response to pressure from shareholders including New York … MORE
Shareholders Re-Elect FirstEnergy Directors
Press Coverage
As You Sow Reports on Investment Risks Associated with Coal
SOCIAL FUNDS – As shareowner support grows for resolutions addressing risks of reliance on coal and coal ash, a white paper details the decline of the industry’s profitability.
RELEASE: Shareholders Press Utilities to Reduce Financial Risks of Coal
As You Sow Press Release
FirstEnergy – Coal – 2011
Resolved: Shareowners request that FirstEnergy’s Board of Directors, at reasonable cost and omitting proprietary information, issue a report by November 2011 on the financial risks of continued reliance on coal contrasted with increased investments in … MORE
FirstEnergy Coal 2012
Shareowners request that FirstEnergy Board of Directors report to shareholders by December 2012, at reasonable cost and omitting proprietary information, on plans to reduce our company’s exposure to coal‐related costs and risks, including progress toward … MORE
FirstEnergy – Coal – 2013
Shareowners request that FirstEnergy adopt strategies and quantitative goals to reduce the company’s impacts on, and risks to, water quantity and quality, above and beyond regulatory compliance, and to report to shareholders by September 2013 … MORE
FirstEnergy
FirstEnergy Corporation is a diversified energy company involved in generation, transmission, and distribution of electricity. Shareholders Vote for Greenhouse Gas Reductions at Midwest Utilities Calling for Climate Action, Shareholders Ask FirstEnergy and Great Plains Energy … MORE
Get Real about Climate Change, Shareowners Tell Utilities
SOCIAL FUNDS – February 28, 2013 – With trillions of dollars in infrastructure upgrades looming for electric utilities, investors call on five companies to emphasize a transition to renewables, improve energy efficiency, and manage water … MORE
New York State Pension Fund and Other Investors Urge Utilities to Ramp Up Renewable Energy and Energy Efficiency
3BL MEDIA – February 27, 2013 – Major U.S. investors and pension funds have filed resolutions with five electric power utilities – Ameren, Cleco, DTE Energy, FirstEnergy, SCANA – urging them to increase deployment of … MORE
Getting the Carbon Out
FINANCIAL ADVISOR – January 29, 2013 – Who are the Filthy 15? They are public companies in the coal utility and extraction business that groups criticize for damaging the environment and contributing heavily to climate … MORE
Update: Financial Risks of Investments in Coal
As You Sow’s Update to the White Paper provides a snapshot of the current trends underlying five financial risks for investments in coal: for mining companies, they are driving shifts in generator demand away from coal; for electric utilities, they are making “cheap coal” costly compared to other generating options or increased efficiency. MORE
Utilities Face Scrutiny for Coal Reliance
Press Coverage
Shareholder Group Targets Ameren, Duke, FirstEnergy on Coal
PLATTS ELECTRIC POWER DAILY – April 19, 2012 – Three large investor-owned utilities are urging shareholders to vote against resolutions that would direct the IOUs to prepare plans to reduce their exposure to “coal‐related costs … MORE
The Changing Climate of Environmental Risk
BUSINESS INSIDER – July 11, 2011 – With tsunami-induced nuclear reactor meltdowns in Japan, tornadoes obliterating towns in the American Midwest and the aftermath of BP’s calamitous oil spill still playing itself out, there was … MORE
White Paper: Financial Risks of Investments in Coal
In June 2011, As You Sow released White Paper: Financial Risks of Investments in Coal that lays out the financial risks of continued reliance on coal for electricity generation. MORE
RELEASE: Coal Investors Face Increasing Financial Risks, New Report Says
AS YOU SOW PRESS RELEASE – June 15, 2011 – According to a new report released today by As You Sow, a shareholder advocacy organization, the financial risks faced by the coal-fired utility industry have … MORE
RELEASE: Shareholder Advocates Expose Coal Industry’s Financial Erosion
AS YOU SOW PRESS RELEASE – May 4, 2011 – This month resolutions filed by the shareholder advocacy group As You Sow will be voted on by shareholders at the annual meetings of three U.S. … MORE
RELEASE: Coal Ash Should be Better Regulated by EPA, Say Investors
AS YOU SOW RELEASE – September 15, 2010 – The U.S. Environmental Protection Agency (EPA) should adopt federally‐ enforceable regulations governing coal ash disposal to prevent costly environmental and public health impacts, says a group … MORE
