Blog Archives
Really? ExxonMobil Left the Risk Out of its Climate Risk Report
GREENBIZ – May 28, 2014 – Imagine cycling down a sweeping mountain road when you hit a dense patch of fog. You know there’s a hairpin turn ahead that runs across the lip of a … MORE
Shareholder Resolutions Gain Ground on ‘Stranded Assets’ Issue
E&E PUBLISHING – May 23, 2014 – Questions about oil and gas companies risking billions of dollars in stranded petroleum assets under potential new carbon regulations remained a hot topic this week, as three of … MORE
RELEASE: Record-Breaking Support for ‘Carbon Risk’ Resolution at Anadarko Petroleum
AS YOU SOW PRESS RELEASE – MAY 22, 2014 – Shareholders at Anadarko Petroleum Corporation, among the world’s largest independent oil and natural gas exploration and production companies, sent a strong message to management about … 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
Exxon: Highly Unlikely World Limits Fossil Fuels
THE WASHINGTON POST – March 31, 2014 – On the same day the world’s climate scientists issued its latest report on climate change and the risks it poses to society, the nation’s biggest oil and … MORE
Exxon Sees Little Climate Change Risk to Assets
REUTERS – March 31, 2014 – Exxon Mobil Corp, the world’s largest publicly traded oil company, said on Monday that risks related to climate change pose little risk to its oil and gas reserves because … MORE
Exxon Warns Global Warming Targets ‘Unlikely’ to be Met
FINANCIAL TIMES – March 31, 2014 – ExxonMobil, the US oil group, said it was “highly unlikely” that the world would cut greenhouse gas emissions sufficiently to keep global warming within the internationally agreed limit … MORE
RELEASE: Shareholders: ExxonMobil Takes Crucial Step of Acknowledging Carbon Asset Risk … But More Is Needed
AS YOU SOW PRESS RELEASE – March 31, 2014 – In a much-anticipated report to shareholders today on stranded carbon asset risk, ExxonMobil expressed the view that there is limited basis for concern.
Exxon Mobil Gets Serious About Climate Risk
CNN MONEY – March 25, 2014 – ExxonMobil (XOM), America’s largest energy company, funded global warming denial groups for years. Now it has agreed to release a report by the end of March that details … MORE
Exxon Mobil’s Commitment to Carbon Asset Risk is Just the Beginning
THE GUARDIAN – March 24, 2014 – As ExxonMobil bows to pressure to report on its preparations for climate regulation, campaigners want investors to recognize that extractors may be forced to leave oil and gas … MORE
Exxon Mobil Agrees to Report on Plans For Low-Carbon Future, Carbon Risks
BLOOMBERG BNA – March 21, 2014 – Exxon Mobil Corp. has agreed to publish a report describing its plans for a future in which market forces and stricter climate regulation may leave some of its … MORE
RELEASE: Landmark Agreement with Shareholders: ExxonMobil Agrees to Report on Climate Change & Carbon Asset Risk
AS YOU SOW PRESS RELEASE – March 20, 2014 – In response to a shareholder resolution, Exxon Mobil (XOM) – the largest U.S. energy company, for the first time ever has agreed to publish a … MORE
Exxon Agrees to Disclose Its ‘Carbon Risk’
THE WALL STREET JOURNAL – March 20, 2014 – Exxon Mobil Corp. has agreed to disclose how the regulation of car- bon emissions could affect the value of its oil and gas holdings, a sign … MORE
Exxon Agrees to Detail Carbon Asset Risks – Activists
REUTERS – March 20, 2014 – ExxonMobil Corp will report on how it views the risks climate change could pose to the value of its assets, shareholder activists said on Thursday.
In Shift, Exxon Mobil to Report on Risks to Its Fossil Fuel Assets
THE NEW YORK TIMES – March 20, 2014 – Energy companies have been under increasing pressure from shareholder activists in recent years to warn investors of the risks that stricter limits on carbon emissions would … MORE
Hess – Carbon Bubble – 2014
Shareholders request Hess 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
ExxonMobil – Carbon Bubble – 2014
Shareholders request Exxon Mobil prepare a report by September 2014, omitting proprietary information and prepared at reasonable cost, on the Company’s strategy to address the risk of stranded assets presented by global climate change, including … MORE
CONSOL Energy – Carbon Bubble – 2014
Shareholders request CONSOL 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
Chevron – Carbon Bubble – 2014
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
Anadarko – Carbon Bubble – 2014
Shareholders request Anadarko 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
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
Corporate Political Spending the Big issue for Proxy Season
RESPONSIBLE INVESTOR – Companies’ spending on political contributions and lobbying has emerged as the big issue for shareholder resolutions in the forthcoming US proxy voting season, according to an authoritative preview from advocacy group As … MORE
After Bubbles in Dotcoms and Housing, Here’s the Carbon Bubble
Press Coverage
RELEASE: Investors Ask CONSOL Energy to Report the Risk that 2/3 of Its Coal Reserves May Become Unusable
As You Sow Press Release
RELEASE: Investors Representing Over $1 Billion Ask CONSOL to Address Risks of Carbon Bubble
As You Sow Press Release
Investors Register Support for Groundbreaking Motion on Unburnable Carbon at Coal Firm
RESPONSIBLE INVESTOR – Some of the leading US investors, including the Florida State Board of Administration (SBA), which runs the $128.8bn (€93.5bn) Florida Retirement System, have backed an innovative shareholder proposal on “stranded” fossil fuel … MORE
Staying Afloat as Assets Get Stranded
Press Coverage
CONSOL – Climate Change – 2013
Shareholders request CONSOL to prepare a report on the company’s goals and plans to address global concerns regarding fossil fuels and their contribution to climate change, including analysis of long and short term financial and … MORE
CONSOL Energy
Consol Energy is an American energy company with interests in coal and natural gas production. It is the U.S.’s largest underground coal mining company. As You Sow has engaged with CONSOL Energy on issues related … MORE
Will the Next Bubble Be Made Out of Carbon?
THOMASNET – May 31, 2013 – Concerns about the impact of carbon emissions are beginning to bleed onto the balance sheets of energy companies, even in this country where strategic engagement on the issue has … MORE
Green Groups Renew Attack On Mining Companies, Citing IEA Study
CLIMATEWIRE – May 16, 2013 – Activist shareholders are asking one of the nation’s largest mining companies to disclose the risks it faces from the potential stranding of billions of short tons of coal in … MORE
Backlash over $6 Trillion Carbon Loss Begins as Investors Call for Action
NEW MODEL ADVISER – May 10, 2013 – A US energy firm is among the first to face a shareholder backlash over unburnable carbon.
First-Time Shareowner Resolutions Address Stranded Fossil Fuel Assets
SMART PLANET – March 11, 2013 – As You Sow and the Unitarian Universalist Association have filed shareowner resolutions with two large coal companies, requesting that they report on material impact of reserves that must … MORE
Shareholders File First-Ever ‘Carbon Bubble’ Resolutions
INSIDECLIMATE NEWS – March 7, 2013 – Two advocacy groups have come up with a new tactic to show how climate change—and laws to deal with it—could make investments in fossil fuel companies riskier and … MORE
