In the run up and during Climate Week, more than 80 companies moved to address systemic climate risk by setting targets in line with the Paris goal of limiting global warming to 1.5 degrees Celsius.
Duke Energy, the largest U.S. power utility, announced today a major commitment to address climate change by setting a target to achieve net-zero carbon emissions by 2050, with an interim target of 50 percent carbon emission reductions by 2030.
Corporate governance nonprofit Majority Action released today its report analyzing asset managers’ 2019 voting records on climate-related shareholder proposals and CEO pay at energy and utility companies.
The Trump administration announced today a plan to do away with the regulation of methane emissions. The U.S. Environmental Protection Agency will aim to eliminate federal requirements for oil and gas companies to install …
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.