Prosecutors in New York are accusing ExxonMobil of trying to discourage potential witnesses from testifying about whether the oil giant misled investors over the costs it may face from future climate regulations.
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A bill that would require public companies to disclose the risks posed to their business by climate change passed a crucial committee vote in the House on Wednesday.
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BOSTON (Reuters) - Climate activists found companies more receptive to steps like cutting emissions or buying clean power this year, a new tally of shareholder resolutions shows, a trend proponents said undercuts the case for proxy rule changes sought by business groups.
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Democratic presidential candidates have a sweeping array of proposals to fight climate change, but virtually all the leading hopefuls agree on one relatively simple proposal: forcing companies to disclose the risks they face from a warming atmosphere.
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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.
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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.
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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.
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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.
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"Molecules of U.S. freedom.” “Freedom gas.”
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Exxon Mobil shareholders Wednesday voted down a proposal that would have required the board chair be independent from the company.
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Oakland, California—May 14, 2019—The biggest Dutch investor, Aegon Netherlands and Aegon Asset Management Netherlands, announced this week its support for nine shareholder climate resolutions, including As You Sow’s Chevron Paris-aligned business transition proposal and a petrochemical resiliency proposal filed with Exxon.
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Investors' efforts to get energy and utility companies to set greenhouse gas reduction targets and disclose their plans for meeting those goals are facing more hurdles now than in the past five years.
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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.
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President Donald Trump has ordered a review of the influence of proxy advisory firms on investments in the fossil fuel industry, a move that could ultimately help oil and gas companies prevent shareholders from voting on resolutions aimed to address the risks of climate change
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Shareholders have continually put forward resolutions aimed at reducing greenhouse gas emissions, adjusting their business models and reducing methane releases. Investors are increasingly asking companies to align their operations to meet the Paris Agreement target of limiting global temperature rise to well below 2 degrees Celsius.
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Investors who represent more than $60 billion in assets sent a letter on Thursday to all members of Congress expressing support for the Green New Deal, said investor-advocacy group As You Sow, which organized the letter.
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Shareholders filed proposals on nearly 400 environmental, social and sustainability issues at U.S. companies through mid-February.
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Imagine a Walmart semi-truck rolling down the interstate with its back doors open, plasma-screen televisions tumbling out onto the highway, crashing through windshields and causing chaos.
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BP HAS agreed to a resolution from investors to disclose how its greenhouse gas reduction and future investments plans are in line with the Paris Agreement.
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