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 >
May 15, 2017 4:12 PM EDT
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for Chevron to publish an annual assessment of long-term impacts of climate change, including 2°C scenarios, have withdrawn it from consideration at the annual meeting.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 >
April 14, 2017 9:46 AM EDT
In preparation for its annual shareholders’ meeting next month, Chevron Corporation has issued its 2017 Proxy Statement. Unfortunately for investors concerned about climate change, this major oil and gas company continues to downplay the profound risks its product poses to Earth’s climate.
March 13, 2017 11:55 AM EDT
Last week, the Trump administration sought to short-circuit a lawsuit filed by young people seeking to hold the U.S. to account on climate change. If you are having trouble distinguishing the Trump administration from major fossil fuel companies like ExxonMobil and Chevron, you are not alone. Here are a few recent examples of the convergence between fossil fuel interests and the Trump administration. If you know the tune for “Schoolhouse Rock” version of the Preamble to the U.S. Constitution, feel free to hum along as you read. Read more >