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Shareholders Offer a Spate of Climate and Environmental Resolutions
Feb 18, 2011
After a year marked by Congressional paralysis on issues like global warming and renewable energy, and after a parade of energy-related disasters — including the huge oil spill in the Gulf of Mexico — social investment groups are signaling their displeasure with a suite of shareholder resolutions.
Oil, Coal and Power Companies See 50% Increase in Climate- and Energy-Related Shareholder Resolutions in 2011 Proxy Season
Feb 16, 2011
February 16, 2011 – Affirming the financial risks that climate change and other environmental concerns pose to leading energy companies, investors announced today the filing of 66 climate and energy related shareholder resolutions with 41 coal, electric power and oil companies in the 2011 proxy season, making 2011 a record for shareholder engagement in the energy sector, even in the face of Congressional inaction on climate change.