In advance of oil company earnings calls, investors and analysts warn of shifting industry trends away from fossil fuels
BOSTON, January 29, 2015 /3BL Media/ –In advance of ExxonMobil, Shell and BP quarterly earnings calls, investors and industry analysts today voiced growing concerns about excessive industry spending on high-cost, high-carbon fossil fuel projects that may be bad financial bets as the world continues to reduce its reliance on fossil fuels, accelerate renewable energy and reduce overall carbon emissions to counter the threat of climate change.
Record high climate-related resolutions seek improvements on issues like greenhouse gas reductions, flaring cutbacks and increased sustainable palm oil sourcing
BOSTON, MA, March 7, 2014 /3BL Media/ – Motivated by mounting scientific evidence that human activity is a leading cause of climate change, major institutional investors are pushing for stronger actions from companies in climate-related shareholder resolutions in the 2014 proxy season.
Investors probe oil and coal companies on potential for ‘stranded assets’ as climate policies, efficiency standards and clean energy take hold
BOSTON, February 12, 2014 /3BL Media/ - On the heels of the Investor Summit on Climate Risk at the United Nations, a half-dozen investors today announced the filing of shareholder resolutions with 10 fossil fuel companies, including Exxon Mobil, Chevron, Southern Company, Hess, Anadarko, Devon, Kinder Morgan, Peabody Energy, FirstEnergy and CONSOL Energy seeking an explanation of their strategies for competing as the world moves toward a low-carbon global economy.
Investors win company commitments to address flaring and fracking; carbon bubble and methane emission resolutions win strong support
BOSTON, July 25, 2013 /3BL Media/ – Investors achieved noteworthy victories during this year’s shareholder proxy season, with a near record 110 shareholder resolutions filed with 94 U.S. companies on hydraulic fracturing, flaring, fossil fuel reserve risks and other climate – and sustainability – related risks and opportunities.
Shareholder Resolutions Call for Quantifiable Progress on Environmental Risks, Fugitive Methane Emissions and Other Community Impacts
BOSTON, February 5, 2013 /3BL Media/ - Citing concerns over water management, toxic chemical disclosure, greenhouse gas emissions and other community impacts, investors have called upon 9 leading oil and gas companies to disclose critical information about the ways they are managing and measuring the risks associated with hydraulic fracturing, or “fracking,” operations and shale gas transmission.