Posts in Energy
ExxonMobil: Request to improve climate related audit procedures

BE IT RESOLVED: Shareholders request that ExxonMobil’s Board of Directors issue an audited report to shareholders on whether and how a significant reduction in fossil fuel demand, envisioned in the IEA Net Zero 2050 scenario, would affect its financial position and underlying assumptions. The Board should summarize its findings to shareholders by January 31, 2022, and the report should be completed at reasonable cost and omitting proprietary information.

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Chevron: Request to improve climate related audit procedures

BE IT RESOLVED: Shareholders request that Chevron’s Board of Directors issue an audited report to shareholders on whether and how a significant reduction in fossil fuel demand, envisioned in the IEA Net Zero 2050 scenario, would affect its financial position and underlying assumptions. The Board should summarize its findings to shareholders by January 31, 2022, and the report should be completed at reasonable cost and omitting proprietary information.

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Union Pacific Corporation: Shareholder Advisory Votes on Climate Change

BE IT RESOLVED: Shareholders request that the Board of Directors issue a climate transition report, at least 120 days prior to the next annual meeting, and updated annually, that addresses the scale and pace of its responsive measures associated with climate change.

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Union Pacific Corporation: Climate Transition Reporting

BE IT RESOLVED: Shareholders of the Union Pacific Corporation request that the Company provide shareholders with the opportunity, in the annual proxy statement (starting with 2022) to vote to express non-binding, advisory approval or disapproval of the Company’s publicly available climate policies and strategies, in consideration of key climate benchmarks.

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DTE Energy: Climate Change Risks

BE IT RESOLVED: Shareholders request the Board of Directors prepare a report (at reasonable cost and omitting proprietary information) exploring options as to whether and how the Company could reduce its total contribution to climate change by encouraging electrification of the built environment within the company’s service areas as part of a Company transition toward enterprise-wide alignment with the Paris Climate Agreement.

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Duke Energy: Climate Change Risks

BE IT RESOLVED: In order that investors can better understand and measure the material, long-term climate risks associated with our company’s GHG emissions, shareholders request that Duke provide annual public reporting of the indirect upstream GHG emissions from its supply chain. The reporting should be prepared at reasonable cost and omit proprietary information.

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Sempra Energy: Climate Change Risks

BE IT RESOLVED: Shareholders request the Board of Directors evaluate and issue a report (at reasonable cost, omitting proprietary information) describing if, and how, Sempra’s lobbying activities (direct and through trade associations) align with the Paris Agreement’s goal to limit temperature rise to 1.5 degrees and how Sempra plans to mitigate risks presented by any misalignment.

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Dominion Resources: Climate Change Risks

BE IT RESOLVED: Shareholders request the Board of Directors prepare a report (at reasonable cost and omitting proprietary information) exploring options as to whether and how the Company could reduce its total contribution to climate change by encouraging electrification of the built environment within the company’s service areas as part of a Company transition toward enterprise-wide alignment with the Paris Climate Agreement.

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Dow Inc: Report on Petrochemical Risks

BE IT RESOLVED: Shareholders request that Dow Inc., with board oversight, publish a report, omitting proprietary information and prepared at reasonable cost, assessing the public health risks of expanding petrochemical operations and investments in areas increasingly prone to climate change-induced storms, flooding, and sea level rise.

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