Shareholder advocate As You Sow today released a report outlining how natural gas providers can reduce methane emissions from their distribution systems, an often overlooked segment of the natural gas supply chain. The End of the Line focuses on natural gas suppliers that commonly contribute to methane leaks, but are rarely held accountable.
A shareholder resolution filed at Kroger by corporate responsibility group As You Sow, received strong support from approximately 31% of Kroger’s shareholders. The resolution highlights the need for Kroger to responsibly manage its carbon emissions by increasing its renewable energy adoption.
Today, General Motors (GM) shareholders voted on a resolution filed by shareholder representative As You Sow urging the Company to report on how it will address the Trump administration’s proposed weakening of CAFE standards. 26% of GM’s shareholders asked the company for clarity on whether, and to what degree, the company will change its product plans and business strategy as a result of the announced weakening of standards.
Approximately 45% of Chevron’s shareholders voted today in favor of a fugitive methane reduction resolution put forward by shareholder advocate As You Sow and co-filers. This proposal highlights Chevron as one of the top methane emitters, ranking 17 out of the highest 100 methane emitters from onshore production while also noting its failure to keep up with peers in reporting its methane reduction actions.
Investors at Chevron Corporation’s annual meeting will vote today on a shareholder resolution put forward by As You Sow and Arjuna Capital. The resolution asks Chevron to report to shareholders on how the company plans to transition its business model to successfully align with a decarbonizing energy market, while also taking a role in helping to limit the planet’s warming to under two degrees Celsius.
As 2018’s annual general meetings press on, attention this week turns to Chevron. Among the shareholder resolutions awaiting a vote on the proxy are two from shareholder advocacy organization As You Sow.
ExxonMobil today announced an intent to reduce methane emissions by 15% by 2020 and undertake other greenhouse gas reduction measures at refining and chemical manufacturing operations focused on efficiency improvements. This announcement follows a successful shareholder vote of nearly 40% on As You Sow’s 2017 methane resolution with ExxonMobil asking the company to detail plans to curtail its methane emissions.
Today, a majority of Anadarko shareholders voted in favor of an As You Sow proposal asking the Company to assess the risks to its portfolio of scenarios consistent with limiting global warming to 2 degrees Celsius or below, as defined in the Paris Agreement. Shareholders have signaled a need to understand how Anadarko will retain its value in an increasingly low carbon energy market.
Ford Motor Company’s shareholders delivered a strong message to the Company, today, with 24% voting for clarity on the Company’s near term actions on fuel economy. Danielle Fugere, president of As You Sow, had this to say:
Shareholders will add their voices to the growing national concern about sharply weakened fuel economy standards at Ford Motor Company’s annual meeting tomorrow.