Shareholders Offer a Spate of Environmental Resolutions – NYTimes.com
2011 February 22
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.
Not to be outdone, climate skeptics and opponents of government mandates supporting clean energy are sending up resolutions of their own.
According to the Investor Network on Climate Risk, a project of the sustainable investing collective Ceres, at least 66 resolutions relating to climate and environmental issues aimed at more than 40 oil, coal and electric power companies, have been filed in the 2011 proxy season - the period each year when shareholders get a chance to propose measures on a variety of corporate issues.
Not to be outdone, climate skeptics and opponents of government mandates supporting clean energy are sending up resolutions of their own.
According to the Investor Network on Climate Risk, a project of the sustainable investing collective Ceres, at least 66 resolutions relating to climate and environmental issues aimed at more than 40 oil, coal and electric power companies, have been filed in the 2011 proxy season - the period each year when shareholders get a chance to propose measures on a variety of corporate issues.
No comments yet