Proposal to report on methane emissions supported by 45% of Chevron shareholders

Despite failing to gain a majority of investor votes, a shareholder proposal calling on Chevron Corp. to report about its efforts to minimize methane emissions was supported by roughly 45% of shareholders at the company's annual meeting, according to voting results the energy company provided in a news release.

Large pension funds that supported the proposal at the company's annual meeting Wednesday included the $352.8 billion California Public Employees' Retirement System, Sacramento; $224.8 billion California State Teachers' Retirement System, West Sacramento; $146 billion Texas Teacher Retirement System, Austin; C$356.1 billion ($274 billion) Canada Pension Plan Investment Board, Toronto; C$189.5 billion Ontario Teachers' Retirement System, Toronto; and the $204.9 billion Florida State Board of Administration, Tallahassee. A similar proposal was supported by 50.25% of shareholders at Range Resources Corp. last month.