Danielle Fugere, president and chief counsel of coalition member group As You Sow, said in a separate statement about the decision that Barclays' decision "is critically important to helping ensure the world meets its climate goal," and that it also "highlights the gap of inaction by U.S. banks, who will continue to see pressure from shareholder resolutions, including an upcoming one with J.P. Morgan Chase." Read More →
Read More“If companies do not intend to align with the global Paris goal, they should be clear with shareholders,” As You Sow President Danielle Fugere said in a statement. “Only through clear and comparable reporting can shareholders benchmark company actions and make sound investment decisions.” Read More →
Read MoreNew York State and the UK’s Church Commissioners will vote against the entire board of ExxonMobil again this year in response to the US oil giant’s continued “recalcitrant” approach to climate change. Read More →
Read MoreA document on the agency website noted briefly that SEC staff agreed March 20 with requests by company officials to exclude proposals from a group of shareholders, including the Church of England and As You Sow, asking if the companies will join other oil and gas companies in taking steps to align with the Paris Agreement goal of net-zero emissions by 2050, and calling for reduction targets, long-term business plans and other details. Read More →
Read More“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 →
Read MoreBefore entering ExxonMobil’s annual meeting in Dallas last week, shareholders had to pass local activists holding a 100-foot-long banner with the message “Climate Crisis: #ExxonKnew—Make Them Pay.”
Read More"Molecules of U.S. freedom.” “Freedom gas.”
Read MoreExxon and Chevron shareholders rejected a series of climate change-related proposals at the companies’ annual investors meetings on Wednesday.
Read MoreExxon Mobil shareholders Wednesday voted down a proposal that would have required the board chair be independent from the company.
Read MoreIn deal news, shares of Anadarko Petroleum are trading sharply higher in pre-market trading after Occidental Petroleum put out a rival bid for the company worth $57 billion.
Read MorePRAISE and criticism was dispensed to fossil-fuel companies last week by the Church Commissioners, who have suggested that ExxonMobil needs to catch up with its rival, Shell.
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