Blog Archives
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
RELEASE: Investor Coalition Successfully Urges Natural Gas Companies to Address Impacts of Hydraulic Fracturing Operations
AS YOU SOW PRESS RELEASE – June 10, 2014 – Under pressure from a coalition of investors for the fifth year in a row, major oil and gas companies including ExxonMobil, EQT, and Occidental Petroleum … MORE
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
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
Coal
As You Sow’s Coal initiative works with coal-fired electric utilities and coal-based energy companies to substantially reduce or eliminate the growing financial, environmental, and health risks associated with burning coal. It urges the most at-risk companies to address the wide array of financial risks associated with continued reliance on coal and to begin a transition to cleaner energy. MORE
Hydraulic Fracturing
As You Sow’s Fracking initiative engages key energy companies to reduce the health, environmental, and community impacts associated with hydraulic fracturing or “fracking.” Natural gas is positioned to play a significant role in the country’s energy mix as coal use declines and renewables ramp up, making it critical that these companies produce natural gas using the best practices available. As You Sow is focused on creating industry-wide best management practices, reducing community impacts and environmental harm caused by extraction, and minimizing fugitive greenhouse gas emissions that contribute to climate change. 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
Climate Change
As You Sow’s Climate Change initiative is building a movement to pressure institutional shareholders to divest from fossil fuel-based energy and re-invest in a clean energy future. Shareholders are uniquely positioned to help shape our future energy economy both through their investment decisions and by directly engaging energy companies to re-examine the risks fossil fuels pose to their business models and to move them to develop cleaner energy profiles. We publish original financial research and create tools for companies and investors interested in addressing and removing carbon from their portfolios. The choices energy companies make to either prepare for a carbon-constrained future or continue investing in fossil fuels will significantly impact share value for years to come. MORE
North Carolina Senate Outlaws Disclosure of Fracking Fluid Secrets
REUTERS UK – May 22, 2014 – The North Carolina Senate on Thursday voted to make it a crime to disclose the chemicals used in hydraulic fracturing, or fracking, even as big U.S. oil companies … MORE
Carbon Asset Risk
Read about our Carbon Bubble initiative, part of As You Sow’s Energy program. 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
Green Bonds
Green Bonds in Brief offers an in-depth guide into Green Bonds. Forty billion dollars in 2014. One hundred billion in 2015. That’s how much funding Green Bonds are projected to provide in the next year … 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
ExxonMobil Yields To Pressure On Fracking, Agrees To Disclose Risks
INTERNATIONAL BUSINESS TIMES – April 4, 2014 – Exxon Mobil Corp. (NYSE:XOM), bowing to shareholder and popular pressure, has agreed to disclose more about the risks associated with its use of hydraulic fracturing, commonly known … MORE
Exxon Agrees to Disclose Fracking Risks
THE WALL STREET JOURNAL – April 3, 2014 – Exxon Mobil Corp. agreed to publicly disclose more details on the risks of hydraulic fracturing of oil and gas wells, reversing a long-held resistance after negotiations … MORE
Exxon Mobil Agrees to Share More Data on Fracking’s Risks
REUTERS – April 3, 2014 – Exxon Mobil Corp, the world’s largest publicly traded oil company, has agreed to disclose more information about the environmental risks of hydraulic fracturing, the process known as fracking.
RELEASE: NYC Comptroller Stringer and As You Sow Reach Agreement with ExxonMobil on Fracking Disclosure
AS YOU SOW PRESS RELEASE – April 3, 2014 – ExxonMobil has agreed to provide increased transparency about how it manages the environmental and community risks associated with its hydraulic fracturing and production practices in … 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.
Southern Co to Report on Renewable Energy Efforts, Activist Says
REUTERS – March 27, 2014 – U.S. regional power utility Southern Company plans to produce a full report on its renewable energy projects, an activist group said on Thursday.
RELEASE: Southern Company Agrees to Report on Its Actions to Capture Value from Renewable Energy Investments
AS YOU SOW PRESS RELEASE – March 27, 2014 – After successful dialogues with environmental nonprofit organization As You Sow, Atlanta-based Southern Company, one of the largest utilities in the US, has agreed to produce … MORE
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
RELEASE: Ameren Improves 2013 Corporate Social Responsibility Report
AS YOU SOW PRESS RELEASE – March 25, 2014 – After engagement with environmental nonprofits As You Sow and the Midwest Coalition for Responsible Investment (MCRI), the St. Louis-based utility Ameren Corporation has released its … 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
Occidental – Hydraulic Fracturing – 2014
Shareholders request the Board of Directors to report to shareholders by October 30, 2014, and annually thereafter, using quantitative indicators, the results of company procedures and practices, above and beyond regulatory requirements, to minimize any … MORE
ExxonMobil – Hydraulic Fracturing – 2014
Shareholders request the Board of Directors to report to shareholders using quantitative indicators by December 31, 2014, and annually thereafter, the results of company policies and practices, above and beyond regulatory requirements, to minimize the … MORE
Chevron – Hydraulic Fracturing – 2014
Shareholders request the Board of Directors to report to shareholders via quantitative indicators by September 30, 2014, and annually thereafter, the results of company policies and practices, above and beyond regulatory requirements, to minimize the … MORE
Southern Company – Coal – 2014
Shareholders request that the Southern Company prepare a report, reviewed by a board committee of independent directors, on policies the company could adopt to take additional near-term actions to reduce its greenhouse gas emissions consistent … MORE
Entergy – Coal – 2014
Shareholders request that the Entergy Corporation prepare a report, reviewed by a board committee of independent directors, on policies the company could adopt to take additional near-term actions to reduce its greenhouse gas emissions consistent … 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
