31 May '17, 9am

Investors and NGOs Pressure Chevron on Climate Change Risks, Transparency

Investors and NGOs Pressure Chevron on Climate Change Risks, Transparency

As Chevron’s annual shareholder meeting convenes on Wednesday in Midland, Texas, investors and environmental groups continue to pressure America’s second largest energy company to acknowledge the risks that climate change poses to its future business. To that end, shareholders will be asked to vote on several controversial proposals on the company’s annual proxy statement . The resolutions cover issues related to lobbying and the company’s links to governments accused of human rights violations, as well as corporate governance. Chevron’s critics, including the Union of Concerned Scientists (UCS) and the activist investor network As You Sow , are taking the company to task for several reasons — ranging from its membership in the American Legislative Exchange Council (ALEC) to the risk of its oil and gas holdings becoming stranded assets . Stockholders managed to put at leas...

Full article: http://www.triplepundit.com/2017/05/investors-ngos-pressu...

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