Posts tagged climate change
SEC Sides With Exxon to Deny Shareholder Vote on Stranded Asset Risk

Tuesday, the U.S. Securities and Exchange Commission (SEC) allowed ExxonMobil to reject a shareholder request for clear and targeted reporting on if and how it intends to reduce the risk of stranded assets related to its petrochemical investments like plastics, especially in consideration of the public, market, and governmental responses to plastic pollution, community health, and climate change.

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Trump Administration's OCC Pushes Through Final Gift to Oil and Gas Industry

The Office of the Comptroller of the Currency (OCC) has finalized the Fair Access to Financial Services rule a day after current OCC head Brian Brooks announced his resignation. As global banks increasingly tighten credit to clients that pose significant climate risk, including coal projects and Arctic oil and gas projects, the OCC rule establishes new hurdles to banks exercising risk management.

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Utilities Continued Investment in Natural Gas Infrastructure Sparks Investor Concern

Shareholder representative As You Sow filed shareholder proposals at four of the largest U.S. gas and electric utilities, Dominion Energy, DTE Energy, Duke Energy, and Southern Company, raising concerns about the companies’ continued investments in natural gas. Shareholders are concerned that these utilities are claiming “Paris-alignment” while remaining on a path toward stranded asset risk.

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