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Strong Showing On Global Warming Resolution At TXU Is "Major Victory" For Religious Shareholder Activists
Jan 13, 2011
A global warming proxy resolution that attracted 24 percent of shareholder support today at TXU Corporation (NYSE: TXU) is a "major victory" for religious institutional investor members of the Interfaith Center on Corporate Responsibility (ICCR), which is pressuring major U.S. utilities to take action on climate-change issues.
Study: Exxonmobil Now The Only Giant Oil Co. Failing To Act On Global Warming Risks
Jan 13, 2011
ExxonMobil (NYSE: XOM) is now alone among the four "supermajor" oil companies in refusing to take meaningful action to mitigate the growing risks posed by global warming, according to a study released today by Claros Consulting of London, England. The Claros report notes that a host of global warming events and trends converging over the last year have "significantly increased" the climate-related risks to the wealth of ExxonMobil shareholders.