Ceres In The News
Listing of news clips featuring Ceres and our work.
Fidelity Records First "Green" Proxy Votes
Oct 08, 2010
- Four mutual funds at Fidelity Investments recently backed an environmentalist proxy proposal for the first time on record. "This is a tiny symbolic gesture on their part, but one in the right direction," said Rob Berridge, senior manager at Ceres.
Deep Water, Deep Trouble
Oct 06, 2010
- The explosion of the Deepwater Horizon oil rig in the Gulf of Mexico illustrates the unique challenges now facing the energy industry. In fact, stakeholders are now looking for evidence that companies have robust spill contingency plans and clear guidelines for contractor selection and oversight, according to Ceres' Oil Industry Program Director Andrew Logan.
BP Revamps Risk Management; Forms Oversight Unit
Sep 29, 2010
- In response to the Gulf Coast oil spill disaster in which 11 people were killed, British Petroleum said it is forming a safety and risk unit that will report directly to the company’s incoming chief executive officer. Ceres Director of Oil & Gas Industry Programs Andrew Logan says that BP’s announcement may say more about BP than it does about the industry
BP's Loss is Sustainability's Gain?
Sep 29, 2010
- Several lessons have come out of the Deepwater Horizon disaster, not least of which has been how unprepared most investors were for the implications of such an event. Despite several warning signs in BP’s recent environmental record, the scale of the crisis and consequent fall-out for the company has been shocking to most observers.
CalPERS, Ceres, Nike air their call for sustainability
Sep 23, 2010
- CalPERS teamed up with Nike and Ceres to urge 1,000 of the largest U.S. companies to incorporate global sustainability factors into business decision-making to deal with social and environmental risks that impact corporate investment returns, according to a joint statement from the group.
Mining Companies Must Disclose Safety Violations Under New US Law
Aug 13, 2010
- Workplace safety records for companies with US mining operations, in the spotlight since the Upper Big Branch blast, will be more visible to investors, as federal regulators prepare to enforce a law requiring them to detail violations and fines meted out by the Mine Safety and Health Administration in their financial disclosure forms.
Investors Ask Oil, Insurance Groups to Disclose Safety Plans
Aug 05, 2010
- A coalition of mostly institutional investors is demanding oil and gas companies disclose their existing safeguards and plans of action in the event of another offshore rig disaster and possible oil spill like the one experienced by BP PLC and other companies in the Gulf of Mexico.
California, New York Pension Funds Demand Detail on Oil Groups Spill Plans
Aug 05, 2010
- The investors sent letters to the chief executive officers at 27 oil and gas producers such as Exxon Mobil Corp and insurance companies including American International Group Inc., asking them to detail their capability to prevent or respond to an accident, as well as what they learned from the Gulf spill. U.S. states, through their public pension funds, invest in such companies as ConocoPhillips and Chevron Corp.
Extracting Oil from Canadian Sand Pits
Aug 03, 2010
- Canada has some of the most oil in the world, and about half of it comes from the "oil sands." Oil companies use some of the most expensive, energy intensive technology to extract the oil from the sand -- which leaves an impact on the environment too.
Health Rules Could Cut Greenhouse Emissions
Jul 25, 2010
- A proposed rule on mercury, a pollutant bad for fish and the people who eat too many of them, could help the administration of President Barack Obama get near its short-term climate goal, even if the U.S. Congress fails this year or next to pass a bill tackling greenhouse gases directly.
Green Firms Uniting to Flex Political Muscle
Jul 11, 2010
- Several green-friendly businesses — including many young tech companies not yet household names — are the regional face of a multimillion dollar lobbying effort aimed at key senators across the country. Their effort is backed by some of the world’s most recognizable consumer brands and Fortune 500 companies, lending their corporate names to persuade Congress to support climate and energy legislation on Capitol Hill.
Utilities Face the Decision Point of Big Shifts -- to Gas, Renewables and Efficiency
Jul 09, 2010
- With or without a climate bill, electric utilities are shifting their investments to efficiency measures that cut long-term costs and integrate more natural gas and renewable energy into their power supplies, according to a new report.
Record Proxy Season as Shareholders Crank Up Climate Demands
Jul 08, 2010
- Pressure on US firms to develop climate change policies has reached record levels, according to new figures from ethical investor coalition Ceres showing that more than 100 climate and energy-related shareholder resolutions were filed during this year's proxy season.
$10 Trillion Investor Group to Act Big on Big Oil and Insurance
Jun 24, 2010
- The Investor Network on Climate Risk (INCR), an investor coalition representing $10trn of assets, is planning to write to oil majors – as well as insurers and re-insurers – in the wake of BP’s Deepwater Horizon oil spill in the Gulf of Mexico. Rob Berridge, senior manager of investor programs at Ceres, said the INCR is currently drafting the letter.
Outdoor Operators Urge Senate to Pass Climate Legislation
Jun 15, 2010
- While our Senate leaders decide whether to begin debate this summer on the nation's first comprehensive climate change and energy legislation, businesses like ours in Montana and throughout the nation are concerned about the impacts of climate change on our $3 billion a year tourism and recreation economy.
EPA Vote: Momentum Builder?
Jun 13, 2010
- Last week, the Senate defeated a resolution by Sen. Lisa Murkowski, R-Alaska, to overturn EPA climate regulations. The result, which fell four votes short of passage, set off a barrage of statements from senators and interest groups saying the vote is – or is not – symbolic of how lawmakers would vote on comprehensive energy and climate legislation.
The Rise of the Climate Consultant
Jun 03, 2010
- Although the fate of climate legislation in the Senate is uncertain at best, some companies are snapping to attention because of a mix of federal action and historic weather calamities—the kind scientists say are likelier in a warmer world. Flooding in early May killed 30 people in the Southeast. The East Coast braved two "once-in-a-century" snowstorms in two months. This decade is the hottest in recorded history. Despite intense opposition, the Environmental Protection Agency is moving ahead with carbon regulations. And in February, the Securities & Exchange Commission urged public companies to disclose material risks from climate change.
Oil sands risks like slow-motion oil spill: report
May 17, 2010
- Some environmental risks of Canada's oil sands are similar to the Gulf of Mexico oil spill "but playing out in slow motion," the co-author of a report, by RiskMetrics Group on commission by Ceres, warning investors of the ecological, financial and social risks of oil sands development said on Monday.
Tar Sands Oil Extraction Spreading Rapidly
May 17, 2010
- The successful development of Canada's tar sands has triggered a rush by Shell and other oil companies to set up similar operations in Russia, Congo and even Madagascar. The revelations come just 24 hours before Shell's annual general meeting and on the day when Ceres launches its own survey warning that Canadian tar sands extraction could pose an even bigger risk than the U.S. rig disaster which has knocked $30bn (£20.6bn) off the value of BP.
BP's Environmental Record
May 09, 2010
- The Gulf of Mexico spill is one of many environmental disasters for BP. So why hasn't the company learned from past mistakes, and what should eco-friendly investors do with BP shares? BNN speaks with Andrew Logan, oil industry program director at Ceres.