2016 Annual Meetings of Major Fossil Fuel Companies

The Union of Concerned Scientists was on the ground at the Chevron and ExxonMobil annual meetings this year. Our experts weigh in with insights and analysis on these important company events and their implications for addressing climate change.


In Australia, Too, Shareholders Demand Climate Transparency from Fossil Fuel Companies

, climate accountability campaign manager

[Update December 19, 2017, 1:16pm] BHP Billiton Limited issued its promised report on the material differences between the company’s positions on climate and energy policy and the advocacy positions on climate and energy policy taken by industry associations to which BHP belongs. Based on its review, the company has decided to withdraw from the World Coal Association and to reconsider its membership in the US Chamber of Commerce. BHP will formally communicate with the Minerals Council of Australia (MCA) over the inconsistencies between its position and those of the MCA, request that the MCA refrain from policy activity or advocacy in those area, and review its membership in the MCA if the association has not heeded that request within a year.

BHP’s report and the actions the company has taken based on it are a significant step forward for transparency and accountability of corporate lobbying. UCS and our supporters will be urging other major fossil fuel companies to match BHP’s disclosures and to ensure that the climate-related positions of their trade associations and industry groups are aligned with their own.

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Fig. 2 from Frumhoff, Heede, Oreskes (2015) based on data from Heede (2014)
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Experts Call For Shareholder Action on Climate Ahead of ExxonMobil and Chevron Annual Meetings

, climate accountability campaign manager

It’s been quite a week in Texas. Last Wednesday, I had the privilege of making opening remarks at an expert panel discussion on climate change and fossil fuel company responsibilities in front of a packed house at Rice University in Houston. The event was held a week ahead of the ExxonMobil and Chevron annual shareholders’ meetings tomorrow in Dallas and Midland, respectively—timed to inform investors about key climate-related proposals to be voted on by shareholders at both companies. Read more >

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Three Steps Shell Can Take for the Climate—and to Earn Public Trust

, climate accountability campaign manager

UCS took an in-depth look at Shell’s climate-related positions and actions for The Climate Accountability Scorecard last year. We found a few bright spots, and we made several recommendations for improvement. Here are three steps company decision makers could take at tomorrow’s AGM to signal that Shell wants to earn the trust of investors, the public, and policy makers. Read more >

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BP Hosts Annual General Meeting Amid Questions on Climate Change

, climate accountability campaign manager

Tomorrow, BP holds its Annual General Meeting (AGM) in London. BP shareholders are gathering at a time of mounting pressure on major fossil fuel companies to begin to plan for a world free from carbon pollution—as evidenced by last week’s vote by a majority of Occidental Petroleum shareholders in favor of a resolution urging the company to assess how the company’s business will be affected by climate change. Read more >

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ConocoPhillips Shareholders to Consider Climate-Related Lobbying and Executive Perks

, climate accountability campaign manager

Today ConocoPhillips holds a virtual annual shareholders’ meeting, where the company will face two significant climate-related resolutions. These resolutions intersect with some of the key findings and recommendations of UCS’s 2016 report The Climate Accountability Scorecard. ConocoPhillips responded to the report shortly after its release, and UCS has been engaging with company officials over the company’s climate-related positions and actions since then. We’ll be following the shareholders’ meeting with keen interest. Read more >

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