New Report: Major Mutual Funds Increase Support for Shareholder Resolutions on Climate Change June 4, 2009 - A growing number of investors are pressuring companies whose stock they own to boost their attention to the business risks and opportunities posed by climate change. So they’re increasing the number of shareholder resolutions aimed at moving companies in that direction – and major mutual funds increasingly are voting with them, according to a new Ceres report. More
Investors Call on SEC to Take Steps to Improve Company Disclosure June 3, 2009 - Climate change-related disclosure continues to be weak or altogether nonexistent in SEC filings of global companies with the most at stake in preparing for a low-carbon global economy, according to two major studies released today by Ceres, Environmental Defense Fund (EDF) and the Center for Energy and Environmental Security (CEES). More
Home Depot Lags Behind its Peers on Energy Efficiency & Savings, Faces Shareholder Vote on its Energy Plan at May 28 Annual Meeting May 27, 2009 - As Lowe’s, Wal-Mart and other big box retailers gain competitive advantage with strong, cost-saving energy efficiency programs, Home Depot (NYSE: HD) faces a shareholder vote on its energy plan at its May 28 Annual General Meeting. More
‘Climate Watch’ Company Ultra Petroleum (UPL) Faces Shareholder Resolution on its Global Warming Strategy May 20, 2009 - Filed by the Nathan Cummings Foundation for the fourth consecutive year, the resolution also has the support of the California State Teachers’ Retirement System (CalSTRS), and Miller Howard Investments, both co-filers, and two proxy advisor firms, RiskMetrics and ProxyGovernance. More
Shareholders Show Strong Support for ConocoPhillips Oil Sands Proposal May 13, 2009 - ConocoPhillips shareholders demonstrated even stronger support this year than last for a shareholder proposal calling for the company to fully account for the environmental impact of its tar sands operations. Over thirty percent (30.54%) of shareholders voted in support, compare to last year’s vote of 27.5%. The “yes” vote represented approximately $12.8 billion in share value. Shareholders owning $7.2 billion in value abstained. More
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