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A proposal by a group of Sempra Energy stockholders calling for the San Diego-based Fortune 500 company to issue a report detailing how Sempra’s assets and lobbying activities align with the international Paris treaty on climate change was turned down at the company’s annual shareholders meeting Friday.
But the proposal’s backers were heartened by the fact that it received 37.47 percent support, according to a count of preliminary votes.
“This proposal underscores shareholder concern about anti-climate lobbying activities, whether done directly by a company or by its trade association,” said Lila Holzman, senior energy program manager of As You Sow, a nonprofit that represented investors who put forth the proposal. “Shareholders want companies to ensure their lobbying is aligned with Paris goals.”