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
Anadarko-Carbon-Risk-Resolution-2018
BE IT RESOLVED: Shareholders request that Anadarko publish with Board oversight, at reasonable cost and omitting proprietary information, an assessment of the impacts to the Company’s portfolio of scenarios consistent with limiting global warming to 2 degrees Celsius or below. The assessment should outline the resilience of the company’s reserves and resource portfolio in response to multiple demand and price scenarios and explain how capital planning and business strategies incorporate the financial risks posed by such scenarios. MORE
Noble Energy Carbon Asset Risk
BE IT RESOLVED: Shareholders request that by 2019, Noble Energy publish, with board oversight, an assessment of the long-term portfolio impacts of scenarios consistent with the internationally recognized goal of limiting the global increase in … MORE
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
Southern-Company-Carbon-Asset-2017
BE IT RESOLVED: Shareholders request that Southern Company prepare a report disclosing the financial risks to the Company of stranded assets related to climate change and associated coal demand reductions. The report should omit proprietary … MORE
Xcel-Carbon-Asset-Risk-2017
BE IT RESOLVED: Shareholders request that XCEL prepare a report assessing the Company’s risk of stranded assets resulting from global climate change and related fossil fuel demand reductions, including a quantitative analysis of potential short … 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
Southern Company – Climate Change – 2016
BE IT RESOLVED: Shareholders request that Southern Company prepare a report by September 2016, omitting proprietary information and at reasonable cost, quantifying potential financial losses to the company associated with stranding of its coal assets … MORE
Hess – Climate Change – 2016
BE IT RESOLVED: Shareholders request that Hess prepare and publish a report by September 2016, at reasonable cost and omitting proprietary information, disclosing the financial risks to the Company of stranded assets related to climate … MORE
Great Plains Energy – Climate Change – 2016
BE IT RESOLVED: Shareholders request Great Plains Energy prepare a report by September 2016, omitting proprietary information and at reasonable cost, quantifying the company’s potential financial losses associated with stranding of its fossil fuel generation … 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
Anadarko – Climate Change – 2016
BE IT RESOLVED: Shareholders request Anadarko to prepare and publish a scenario analysis report by September 2015, omitting proprietary information, describing how the Company will address the risk of stranded assets presented by global climate … 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
Fossil Fuel Execs Have Little Financial Incentive To Fight Climate Change, Report Says
INTERNATIONAL BUSINESS TIMES – September 2, 2015 – Marathon Oil Corp. CEO Lee Tillman took home a $1.7 million bonus last year, in part because of the company’s expansion into the Texas and North Dakota … MORE
American Electric Power – Climate Change – 2016
BE IT RESOLVED: Shareholders request AEP 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 fossil fuel generation … 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
Chevron Faces Shareholder Pressure Over Oil Exploration
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
Southern Shareholders to Consider ‘Green’ Vote
ATLANTA BUSINESS CHRONICLE – May 15, 2015 – Southern Co. shareholders will vote May 27 on a resolution calling for the Atlanta-based utility to set targets for carbon emissions.
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
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.
Chevron – Carbon Bubble – 2015
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
To Save the Planet, We Need to Leave Fossil Fuels in the Ground—but Oil Companies Have Other Plans
THE NATION – December 10, 2014 – A growing and powerful Greek chorus—composed of activists, environmentalists, billionaires, former Goldman Sachs partners, former Goldman Sachs partners who are also former Treasury secretaries, and a former vice … MORE
CONSOL – Carbon Bubble – 2015
BE IT RESOLVED: Shareholders request CONSOL to prepare a report, by September 2015, omitting proprietary information and prepared at reasonable cost, on the Company’s strategy to address the risk of stranded assets presented by global … MORE
Anadarko – Carbon Bubble – 2015
BE IT RESOLVED: Shareholders request Anadarko to prepare a scenario analysis report by September 2015, omitting proprietary information, on the Company’s strategy to address the risk of stranded assets presented by global climate change and … MORE
Hess – Carbon Bubble – 2015
BE IT RESOLVED: Shareholders request Hess to prepare a scenario analysis report by September 2015, omitting proprietary information, on the Company’s strategy to address the risk of stranded assets presented by global climate change and … MORE
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
Berkshire Hathaway
Berkshire Hathaway Inc. is an American multinational conglomerate holding company that oversees and manages a number of subsidiary companies. The company owns GEICO, BNSF, Lubrizol, Dairy Queen, Fruit of the Loom, Helzberg Diamonds, FlightSafety International, … 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
Is Shell Guilty of Climate ‘Double Think’?
GREENBIZ – July 10, 2014 – Much has been made of the impact of the Carbon Tracker Initiative’s 2011 report on stranded assets on the fossil fuel divestment movement that has spread throughout college campuses … MORE
Wall Street: Your Climate War Has Arrived
NATIONAL JOURNAL – July 26, 2014 – An unlikely alliance hopes to transform investors into advocates in battles over global warming.
Oil Companies May Face Risk Of Stranded Assets
LAW360 – June 2, 2014 – A recent report by the Carbon Tracker Initiative (CTI), Carbon Supply Cost Curves: Evaluating Financial Risk to Oil Capital Expenditures, raises a warning to shareholders that up to $1.1 … MORE
