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Governors Wind Energy Coalition
Oil Refiner Valero to Disclose Climate Lobbying After Criticism Source: By Gerson Freitas Jr, Bloomberg • Posted: Thursday, March 4, 2021
Valero Energy Corp., one of the largest U.S. oil refiners, is planning to publish details of its climate lobbying activities after an investor pressed the company for more disclosure.
Valero will release a report later this year, it said in an emailed statement Wednesday. The decision follows discussions with Mercy Investment Services Inc., which had filed a proposed shareholder resolution demanding to know how Valero’s lobbying aligns with global efforts to fight climate change. That resolution has now been withdrawn, Valero said.
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Presented by the Standing Rock Sioux Tribe and Earthjustice
With Daniel Lippman
WHAT NONPROFITS WANT IN THE RELIEF BILL: As the Senate prepares for days of grueling debate on the White House’s $1.9 trillion coronavirus relief bill, the nonprofit industry is among the sectors still lobbying for assistance. As of Tuesday, more than 3,000 nonprofit organizations have signed on to a January letter to congressional leaders laying out the sector’s asks.