More Than a Quarter of Shareholders Concerned General Motors Will Put the Brakes on Greenhouse Gas Reductions

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.

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Shareholders Earn Strong Vote on Climate-Related Methane Proposal at Chevron Annual General Meeting

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.

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Chevron AGM: Investor Angst Grows With Oil Giants’ Refusal to Plan Transition to Low Carbon Economy

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.

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As You Sow Statement on ExxonMobil Announcement of Greenhouse Gas Emissions Reductions

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.

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Nearly One-Third of Mondelez International Shareholders Call for Action on Plastic Packaging

Nearly a third of food and beverage giant Mondelez International’s shareholders supported a proposal by As You Sow presented at its annual meeting yesterday asking the company to set a time table to phase out non-recyclable plastic packaging, signaling strong concern that Mondelez is introducing liability to its brand through slow action toward recyclability.

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Anadarko Shareholders Stun with Majority Vote for Resolution Requesting Climate Change Accountability

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.

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Entergy Responds to Shareholder Distributed Energy Business Model Proposal; Company Commits to Prepare Two-Degree Risk Report

“Entergy, like the rest of the utility sector, is at an existential fork in the road.  Choose the wrong path and it will run into a huge competitive threat, namely in the form of consumer-owned rooftop solar and storage,” said Natasha Lamb, Managing Partner, Arjuna Capital.  “Anticipate the threat and Entergy can turn instead toward distributed energy as business opportunity.” 

 

“Utility customers, both large and small, are demanding clean energy. Utility companies must adapt or lose business,” noted Lila Holzman, Energy Program Manager, As You Sow. “Entergy’s commitment to undertake a two-degree carbon risk analysis is a positive step and shows the company is thinking about how it will thrive in a low carbon future.”

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