New Study Links Corporate Responsibility Disclosures and Political Contributions in California Oil and Gas Companies; Britain’s Nuclear and Renewables Industries Make Joint Appeal to U.K. Government - Energy Minute for November 16, 2012
Oil and gas companies in California that make frequent corporate responsibility disclosures and high corporate political campaign contributions provide higher shareholder returns, according to a new study released by the UC Davis School of Management. The study complements previous reports showing that compliance with clean air legislation increased the productivity of refining companies in the state. The findings support the conclusion that when the political interest of managers and stakeholders of California oil and gas companies converge, it encourages significantly higher voluntary CSR intensity.
Leaders of Britain’s nuclear, wind, and tidal industries have made an unprecedented joint appeal to government ministers not to abandon their commitment to combat climate change. The heads of organizations representing more than 1,000 nuclear and renewables companies have called on Prime Minister David Cameron, Ed Davey, Minister of the Department of Climate and Energy, and George Osborne, Chancellor of the Exchequer, to agree on a legally binding decarbonization target for electricity generation.
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