Posts Tagged ‘climate change’

Proxy Preview 2012: Energy and Politics

February 28, 2012

FEB. 28, 2012: Si2 released today Proxy Preview 2012, a comprehensive look at all the shareholder resolutions filed for the spring corporate annual meeting season, in collaboration with As You Sow and Proxy Impact. The report includes a collection of viewpoints from investor proponents of the resolutions and profiles of key players. It finds that political spending proposals now account for one-third of all social and environmental filings, about even with environmental and sustainability proposals. Key environmental issues raised include coal risks and the community impacts of hydraulic fracturing.

The full report is available for free download on the As You Sow website.

Executive Director Heidi Welsh was interviewed by NPR’s political money reporter, Peter Overby, on Morning Edition, in a story that also featured SEC Commissioner Luis Aguilar, Allen Dickerson of the Center for Competitive Politics, New York State Comptroller Thomas DiNapoli and Bruce Freed of the Center for Political Accountability. Listen to the story here.


May 25 is ExxonMobil and Chevron’s meeting day

May 20, 2011

Investors at ExxonMobil and Chevron will consider the usual broad range of shareholder proposals on social and environmental issues, voting on seven resolutions at each company. Si2 has prepared reports on all the proposals, available here:


2011 Si2 Special Report – Chevron – Sustainability

  • Proposal 5 – 2011 SI2 Action Report – Chevron – Environment (Board Oversight)
  • Proposal 6 – 2011 SI2 Action Report – Chevron – Human Rights (Board Oversight)
  • Proposal 7 – 2011 SI2 Action Report – Chevron – Sustainability (Pay Links)
  • Proposal 8 – 2011 SI2 Action Report – Chevron – Human Rights (Country Selection)
  • Proposal 9 – 2011 SI2 Action Report – Chevron – Environment – Climate Change
  • Proposal 10 – 2011 SI2 Action Report – Chevron – Environment (Hydraulic Fracturing)


    2011 Si2 Special Report – ExxonMobil Environmental Policies

  • Proposal 6 – 2011 SI2 Action Report – ExxonMobil – Corporate Political Activity
  • Proposal 7 – 2011 SI2 Action Report – ExxonMobil – Diversity (LGBT Rights)
  • Proposal 8 – 2011 SI2 Action Report – ExxonMobil – Human Rights (Water)
  • Proposal 9 – 2011 SI2 Action Report – ExxonMobil – Natural Resource Mgt (Oil Sands)
  • Proposal 10 – 2011 SI2 Action Report – ExxonMobil – Natural Resources Mgt (Hydraulic Fracturing)
  • Proposals 11 & 12 – 2011 Si2 Action Report – ExxonMobil – Climate Change

  • Majority Vote at Ameren

    April 28, 2011

    The first majority vote of the season is in. Investors at Ameren cast 52.7 percent of their shares in support of a resolution that asked the company to report, “above and beyond current compliance, to identify and reduce environmental and health hazards associated with past and present handling of coal combustion waste, and how those efforts may reduce legal, reputational and other risks to the company’s finances and operations.” The company reported the resolution did not pass, since it counted abstentions in its voting calculation (figured that way, it was 46 percent). However it’s figured, it is clear that investors want the company to tell them more about how it plans to cope with regulations that are putting increasing restrictions on coal-burning–a major source of U.S. greenhouse gas emissions. Preliminary results from Energen, which received a proposal asking for a report on hydraulic fracturing, show that about half of the investors there also are not sanguine about fracking’s risks and want more information, as well.

    Here’s Si2’s Action Report on Ameren for more on the company and its exposure to coal risks:2011 Si2 Action Report – Ameren – Natural Resource Management (Coal)

    Mid-Year Proxy Season Review

    July 22, 2010

    Mid-year results from the 2010 proxy season show unprecedented levels of support for social and environmental issues. A copy of the executive summary is available here: 2010 Si2 Proxy Season Mid-Year Review – Executive Summary

    Here’s a quick overview of the issues shareholder activists raised this year:
    Proposals Results Jan – June 2010 – All Proposals Filed Pie

    Proxy Season Highlights Update

    June 25, 2010

    Updated results are now available for the 2010 proxy season for all but one of the 160+ proposals that came to votes in the first six months of the year. Support for proposals surged to an all-time high, with 79 resolutions receiving more than 20 percent support–up from 66 that did so in 2009. Highlights of the season’s best-scoring proposals appear here: Si2 Proxy Season Summary June 2010 Si2 will issue a more detailed report on the season in July.

    ExxonMobil shareholder proposals

    May 14, 2010

    Eight shareholder proposals on the environment, human rights and diversity will be voted on at the May 26 ExxonMobil annual meeting. Si2’s reports on the pending resolutions are available for download. Resolutions include the following:

  • Adopt sexual orientation non-discrimination policy
  • Adopt policy on the human right to water
  • Adopt coastal wetlands protection policy
  • Report on oil sands risks
  • Report on hydraulic fracturing (of particular interest given the pending XTO merger)
  • Report on energy independence leadership options
  • Adopt goals to cut greenhouse gas emissions
  • Report on fossil fuel demand risks
  • Here are the reports:
    2010 Si2 Special Report – Exxon Mobil Environmental Policies
    2010 SI2 Action Report – ExxonMobil – Natural Resource Mgt (Coastal Wetlands)
    2010 SI2 Action Report – Exxon Mobil – Natural Resource Mgt (Oil Sands)
    2010 SI2 Action Report – Exxon Mobil – Natural Resource Mgt (Hydraulic Fracturing)
    2010 Si2 Action Report – Exxon Mobil – Climate Change
    2010 SI2 Action Report – Exxon Mobil – Human Rights (Water)
    2010 SI2 Action Report – Exxon Mobil – Diversity