A group of 56 institutional and individual investors representing nearly $713 billion in AUM sent a letter to General Electric (GE) today calling on the company to reconsider its recent decision to acquire a 20% stake in Kenya’s proposed Lamu coal plant. Lamu is one of Kenya’s top tourist destinations and home to an UNESCO World Heritage Site. The proposed coal plant faces fierce opposition, both locally and internationally.
Read MoreShareholder advocate As You Sow today released a report outlining how natural gas providers can reduce methane emissions from their distribution systems, an often overlooked segment of the natural gas supply chain. The End of the Line focuses on natural gas suppliers that commonly contribute to methane leaks, but are rarely held accountable.
Read MoreA shareholder resolution filed at Kroger by corporate responsibility group As You Sow, received strong support from approximately 31% of Kroger’s shareholders. The resolution highlights the need for Kroger to responsibly manage its carbon emissions by increasing its renewable energy adoption.
Read MoreToday, 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.
Read MoreApproximately 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.
Read MoreInvestors 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.
Read MoreAs 2018’s annual general meetings press on, attention this week turns to Chevron. Among the shareholder resolutions awaiting a vote on the proxy are two from shareholder advocacy organization As You Sow.
Read MoreExxonMobil 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.
Read MoreToday, 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.
Read MoreFord Motor Company’s shareholders delivered a strong message to the Company, today, with 24% voting for clarity on the Company’s near term actions on fuel economy. Danielle Fugere, president of As You Sow, had this to say:
Read MoreShareholders will add their voices to the growing national concern about sharply weakened fuel economy standards at Ford Motor Company’s annual meeting tomorrow.
Read More“We commend Dominion for listening to its stakeholders and continuing to improve the company’s methane management and reporting,” said Lila Holzman, Energy Program Manager at As You Sow. “This enhanced disclosure is an important step that must now be followed by intentional target setting to ensure future methane reductions.”
Read More“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.”
Read MoreThis vote highlights growing shareholder concern about the risks created by the toxic coal ash residuals Ameren creates when it burns coal to generate electricity. In recent years, this resolution has gained ever-increasing shareholder support, earning the first clear majority this year.
Read MoreWe applaud the actions taken today by 17 attorneys general to protect current vehicle standards. These standards serve the planet, investors, and automakers extremely well, successfully reducing greenhouse gas emissions and air pollution while creating cost savings for consumers.
Read Moreoday, the Securities and Exchange Commission (SEC) released a crucial decision holding that Chevron Corp. must respond to shareholders’ climate risk related shareholder proposals and cannot exclude them from the ballot at the company’s annual meeting.
Read MoreLast week, ExxonMobil successfully silenced shareholders when it asked the Securities and Exchange Commission (SEC) to block As You Sow and Arjuna Capital’s “Low Carbon Business Model” resolution.
Read MoreThe recent ExxonMobil climate risk report, 2018 Energy and Carbon Summary, provided to shareholders in response to a 62% majority vote, has been assessed by experts to be “defective,” “unsatisfactory,” and “inadequate.”
Read MoreToday, As You Sow and Corporate Knights released the fourth update of the Carbon Clean 200™ (Clean200™), a list of the 200 largest publicly traded companies in the world making significant revenue from clean energy. In its first full year and a half of live performance, Clean200 companies generated a total return of 32.1%. That’s almost double the 15.7% for its fossil fuel benchmark the S&P 1200 Global Energy Index.
Read MoreIn a new shareholder resolution, As You Sow and Dominican Sisters of Hope, Congregation of St. Joseph, Adrian Dominican Sisters, and Dignity Health are calling upon Chevron to report to shareholders on how it is detecting and mitigating methane emissions, a leading cause of climate change. Methane, the primary component of natural gas, has an intense, short-term climate forcing impact, at least 84 times that of carbon over 20 years. San Ramon-based Chevron is ranked near the top (17th out of the 100 highest) methane emitters from onshore production based on a 2016 study.
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