Climate Activist Investors Pressure Big Oil: What's Next?

IBD Senior Reporter Gillian Rich speaks with Danielle Fugere, president of the activist group As You Sow., to learn what's next after Chevron shareholders in May backed proposals for further emission cuts. Read More →

EnergyAs You SowJuly 23, 2021Gillian Rich, Alexis Garcia, energy, climate, climate change, exxon, chevron

Shareholders urge Chevron, Exxon to report climate change health risks

According to preliminary results, 46% of investors voted to support a shareholder resolution at Chevron and 25% voted to support a similar one at Exxon. Filed by shareholder advocacy group As You Sow, the resolutions call for Exxon and Chevron to report on the public health risks of expanding their petrochemical operations in areas increasingly prone to climate change-induced storms, flooding, and sea level rise. The same proposal received a majority 54.7% vote at Phillips 66 earlier this month. Read More →

EnergyAs You SowJune 1, 2020Hazel Bradford, climate change, agm, Chevron, chevron, exxon

Shareholders Demand More Climate Disclosures As SEC Moves to Restrict Them

“Reducing greenhouse gas emissions at the margins, while continuing business as usual as Exxon and Chevron are doing, is not a successful long-term business plan, especially when competitor companies are implementing new paths to thrive in a low-carbon economy,” said Danielle Fugere, president of As You Sow, sponsor of resolutions demanding Chevron and Exxon align their business models with the goals of the Paris Agreement. Read More →

The climate crisis is changing consumer demand — and corporate investments

“Investors are quite concerned that companies like Chevron that are producing fossil fuels will continually be caught with assets that they can't sell. If utilities can buy solar at a cheaper rate than natural gas, that will impact Chevron,” said Danielle Fugere, president and chief counsel of shareholder advocacy group As You Sow. Read More →

EnergyAs You SowDecember 30, 2019climate, climate change, chevron, Chevron, chevron write down, Paul Huttner, Megan Burks

From UBS to Goldman Sachs, Major Investors Take a Stand for Climate Action

For the global economy to decarbonize quickly, there is no substitute for political leadership from the top.

EnergyAsYouSowDecember 19, 2019Tina Casey, exxon, chevron, climate

The coming Wall Street battles over climate change

A pair of events over the past few days offers a preview of upcoming investor efforts to push some of the world's largest companies to get more active on global warming.

EnergyAsYouSowDecember 19, 2019Ben Geman, climate, climate change, Goldman Sachs, exxon, chevron

Experts Warn Chevron's $11 Billion Write-Down Portends 'Greater Troubles to Come' for Fossil Fuel Industry

That was the reaction Wednesday from sustainability professional Jessica Davis after oil giant Chevron announced that it was writing down at least $10 billion and as much as $11 billion in assets.

EnergyAsYouSowDecember 12, 2019Andrea Germanos, climate, climate change, chevron, chevron write down, Chevron

Exxon escapes fraud charge, but not climate risks

A New York judge found ExxonMobil not guilty of deceiving investors about how it accounted for the cost of future climate-change regulations.

EnergyAsYouSowDecember 12, 2019Dennis Price, climate, climate change, chevron, Chevron, chevron write down, exxon

GM faces increased pressure from investors on climate

Large investors in General Motors Co. are urging the company to take a stronger stance against President Trump's efforts to unravel a key Obama-era climate policy.

Oil and gas industry continues to respond to climate, pollution concerns

Shareholders at two of the world’s biggest oil and gas producers are urging the companies to adopt polices to reduce their impact on climate change.

Shareholders call on Chevron, Exxon to address climate change

Shareholders at two of the world’s biggest oil and gas producers are urging the companies to adopt polices to reduce their impact on climate change.

Spirit of Paris gains ground with 'big oil'

It is a new sound. In the last month of May, the period in which the oil sector holds its annual meetings for shareholders, climate change was high on the agenda almost everywhere.

Shareholders at Exxon and Chevron reject climate resolutions

"Molecules of U.S. freedom.” “Freedom gas.”

Climate Proposals Fail at Exxon, Chevron Shareholder Meetings

Exxon and Chevron shareholders rejected a series of climate change-related proposals at the companies’ annual investors meetings on Wednesday.

Warren Buffet invests $10B in Occidental Petroleum for Anadarko purchase

Occidental Petroleum could have billions more from Berkshire Hathaway to sweeten a deal to buy Anadarko Petroleum, despite an agreement from earlier this month where Chevron Energy would acquire the smaller oil company.