Blog Archives
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
The Fossil-Fuel Free Future of Mutual Funds
CNBC – November 2, 2015 – Investors are hungry for socially responsible mutual funds, and lately, it’s the ones that avoid fossil fuel stocks getting the most attention. It’s a trend that has gained momentum … MORE
Unearthing The Fossil Fuels In Mutual Funds
FINANCIAL ADVISOR MAGAZINE – November 2, 2015 – If you’re into green investing, do you really know what’s in your portfolio? Andrew Behar, the CEO of As You Sow, an Oakland, Calif.-based nonprofit that works … MORE
Drilling in the Amazon and Arctic [TRANSCRIPT]
CLIMATE ONE – October 13, 2015 – Big Oil spends billions to squeeze fossil fuel from every nook and cranny of the globe. But is drilling in the Arctic and Amazon as profitable as they’d … MORE
Dominion Resources – Climate Change – 2016
BE IT RESOLVED: Shareholders request that a committee of the Board of Directors oversee a study of the potential future threats and opportunities presented by climate change driven technology changes in the electric utility industry, … MORE
Entergy – Climate Change – 2016
BE IT RESOLVED: With board oversight, shareholders request that Entergy create a report by October 2016 (at reasonable cost and omitting proprietary information) describing how Entergy could adapt its company-wide business model to significantly increase … 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
Ameren – Climate Change – 2016
BE IT RESOLVED: Shareholders request that Ameren produce a public report, omitting proprietary information and prepared at reasonable cost, analyzing how Ameren could protect shareholder value, reduce the risk of stranded assets, and decrease its … MORE
Coca-Cola – Climate Change – 2016
BE IT RESOLVED: Shareholders request that Coca-Cola produce a report assessing the feasibility and climate benefits of adopting enterprise-wide, quantitative, time bound targets for increasing Coca-Cola’s renewable energy sourcing. The report should be produced at … MORE
Emerson Electric – Climate Change – 2016
BE IT RESOLVED: Shareholders request Emerson Electric issue a sustainability report describing the company’s present policies, performance, and improvement targets related to key environmental, social and governance (ESG) risks and opportunities. The report should be … MORE
Emerson Electric – Climate Change – 2016
BE IT RESOLVED: Shareholders request Emerson Electric adopt time-bound quantitative, company-wide goals, taking into consideration the most recent Intergovernmental Panel on Climate Change (IPCC) guidance for reducing total greenhouse gas (GHG) emissions, and issue a … MORE
RELEASE: Clean Power Plan Means Reduced Coal Emissions, Safer Utility Business Model
AS YOU SOW RELEASE – August 3, 2015 – Today the U.S. Environmental Protection Agency released the Clean Power Plan, a landmark regulation that will benefit consumers, businesses, and the environment alike.
Green Muni Bonds Playbook
This fifteen page report provides guidance for cities and other public entities that issue municipal bonds to pay for infrastructure such as energy, water and transportation. It describes the state of the market, the benefits of issuing green bonds, how the market defines what is green and the steps cities need to take to access this growing market. MORE
RELEASE: New Report Offers Cities Guidance on Accessing the Vast Green Bond Market
AS YOU SOW RELEASE – July 28, 2015 – The U.S. branch of the Green City Bonds Coalition, a group of global organizations working to facilitate green bond expansion, has released The Green Muni Bonds … MORE
RELEASE: Calling for Climate Action, $5 Billion in Southern Co. Shares Vote for Proposal Seeking Greenhouse Gas Reductions
AS YOU SOW RELEASE – June 1, 2015 – Citing climate change impacts and financial risks of carbon-intense coal assets, shareholders representing billions of dollars in investments voted for greenhouse gas reduction targets at Southern … MORE
Utility Regulators Say They Can’t Get Texts
THE ARIZONA REPUBLIC – May 29, 2015 – Arizona’s utility regulators say they have done all they can to comply with a public records request but can’t access old text messages between a former chairman, … MORE
RELEASE: Pinnacle West Investors Representing $1.4 Billion Support As You Sow Proposal for Political Spending Disclosure
AS YOU SOW RELEASE – May 29, 2015 – In a strong referendum on corporate political spending, investors representing $1.4 billion in shares voted in support of lobbying transparency at Pinnacle West’s annual shareholder meeting. … 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
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
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: 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
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
Divest-Invest Philanthropy Campaign Could Attract $150bn in Assets by Year-End – As You Sow
RESPONSIBLE INVESTOR – May 11, 2015 – A campaign to encourage US investors to exit fossil fuels and invest in the new energy economy, which has won the support of investors holding $50bn (€44.6bn) in … 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.
Shareholders Revolt Against Dark Money
BLOOMBERG – May 14, 2015 – On May 20, Pinnacle West Capital, the holding company that owns Arizona’s largest utility, will host its annual meeting at the Heard Museum in central Phoenix. Shareholders will elect … 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
Investor Groups Want Southern Co. to Report More GHG Data and Risks
E & E PUBLISHING – May 5, 2015 – Southern Co., the Atlanta-based utility serving 4.4 million customers in the Deep South, produces one of the most attractive annual reports on carbon emissions available within … MORE
Shareholders Seek Disclosure of APS’s Political Spending
THE ARIZONA REPUBLIC – April 23, 2015 – Arizona Public Service’s parent company has funneled campaign contributions to most of the state’s leaders in 2014.
M.I.T. Debates Whether to Drop Fossil-Fuel Investments
SCIENTIFIC AMERICAN – Apr. 10, 2015 – Last night, speakers at the nation’s most prestigious engineering school held forth on an array of financial and educational strategies to crack the challenge of man-made climate change.
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
SEC Splits Decision on Carbon Risk Proposals From Investors at Chevron, ExxonMobil
BLOOMBERG BNA – Mar. 18, 2015 – The Securities and Exchange Commission has responded to two similar climate change-related proposals from investors at Chevron Corp. and ExxonMobil Corp. in two different ways.
Southern Company – Climate Change – 2015
BE IT RESOLVED: Shareholders request that Southern Company adopt absolute, quantitative time-bound goals for reducing total greenhouse gas (GHG) emissions from operations and report to shareholders by November 1, 2015 on its plans to achieve … MORE
Citigroup to Invest $100bn in Tackling Climate Change
THE GUARDIAN – Feb. 18, 2015 – Citigroup, the third largest US financial institution, on Wednesday said it will invest a whopping $100bn over the next decade to reduce the impacts of climate change. The … MORE
RELEASE: British Petroleum Recommends Support for Climate-Related Shareholder Proposal
AS YOU SOW RELEASE – February 10, 2015 – The British Petroleum Board of Directors, following Royal Dutch Shell’s announcement last week, endorsed a shareholder resolution requiring the company to commit to reduce emissions and … MORE
Shell Endorses Shareholder Resolution That ‘Boldly Questions Its Own Business Model’
SUSTAINABLE BRANDS – February 3, 2015
RELEASE: Royal Dutch Shell Endorses Shareholder Resolution on Climate Change
AS YOU SOW RELEASE – January 30, 2015 – The Royal Dutch Shell Board of Directors yesterday endorsed a shareholder resolution requiring the company to commit to reduce emissions and invest in renewable energy, to … 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.
Investors’ New Climate Calculation: Engage or Divest?
GREENBIZ – January 20, 2015
