corporate influence


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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Chevron, ExxonMobil Face Growing Investor Concerns About Climate Risk

, climate accountability campaign manager

In preparation for their annual meetings on May 31, both Chevron and ExxonMobil opposed every climate-related resolution put forth by their shareholders. In a previous post, I wrote that Chevron continues to downplay climate risks while attempting to convince shareholders that the company’s political activities—which include support for groups that spread climate disinformation—are in shareholders’ long-term interests. Now the proponents of a shareholder resolution calling for Chevron to publish an annual assessment of long-term impacts of climate change, including 2°C scenarios, have withdrawn it from consideration at the annual meeting. Read more >

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