Anadarko Petroleum Corp shareholders voted today to approve the oil and gas producer’s $38 billion sale to Occidental Petroleum Corp — the largest merger seen in the oil and gas industry since Royal Dutch Shell Plc acquired BG Group Ltd. in 2016.
his week Devon Energy announced a new commitment to reduce the intensity of its methane emissions from 0.32 percent in 2018 to 0.28 percent by 2025. This announcement comes recently after the company’s sale of its high-carbon oil sands assets in Canada.
Today, 33% of investors at Chevron Corporation’s annual meeting voted in support of a shareholder resolution asking the company to report on how it plans to reduce its full range of greenhouse gas emissions and transition its business model to align with a decarbonizing energy market. Also today, at Exxon’s annual meeting, 25% of investors voted in support of a shareholder resolution asking the company to issue a report assessing the public health risks of expanding petrochemical operations in areas increasingly prone to climate change-induced storms, flooding, and sea level rise.
Shareholder proposals brought by As You Sow will challenge two of the world’s largest oil and chemical producers, ExxonMobil and DowDuPont at annual meetings on May 29 and June 25, respectively, to issue a report assessing the public health risks of expanding their petrochemical operations and investments in areas increasingly prone to climate change-induced storms, flooding, and sea level rise, and the risks such operations pose to public health.
Today, 99 percent of BP shareholders voted in support of a resolution drafted by Climate Action 100+, a group of 300 investors with more than $33 trillion in assets under management, calling for the oil giant to align its business strategy with the 2015 Paris Agreement.
A shareholder resolution on the health and climate impacts of coal use filed at Duke Energy by shareholder advocacy group As You Sow and Daughters of Charity, Province of St. Louise received the support of 41% of Duke shareholders.
Shareholder advocacy group As You Sow and investment advisory firm Boston Common Asset Management released today Disclosing the Facts 2019: Transparency and Risk in Water & Chemicals Management for Hydraulic Fracturing Operations.
Chevron announced Friday an intent to acquire Anadarko Petroleum, an exploration and production (“E&P”) oil and gas company. The Chevron-Anadarko deal comes at a time when climate related concerns are raising hard questions about the oil and gas industry.
Today, a group of more than 50 investors representing more than $60 billion in assets under management sent a letter to all 535 Members of Congress expressing support of the Green New Deal’s urgent call to action on climate change.
Following engagement with As You Sow, ExxonMobil Corp. has agreed to start reporting on spills of pre-production plastic pellets, or nurdles, manufactured in polymer production plants, which are believed to be a significant source of ocean plastic pollution.