Climate tops proxy season in proposals, success rate
Climate tops proxy season in proposals, success rate
Liz Gordon believes companies are recognizing the risks of not responding to investors’ climate concerns.
The proxy season now wrapping up sent a strong signal that investors expect companies to take climate change seriously.
Climate rose to the top of shareholders agendas this season, in terms of both the number of shareholder resolutions and the rate of success.
This year, 10 climate-related shareholder proposals received majority support, compared with only three in 2020 and zero in 2019. There was an equally dramatic level of shareholder support for such proposals, averaging 52.6%, up from 38.5% the previous year, according to Institutional Shareholder Services governance and research unit, which counted 24 such proposals this year, compared to 10 in 2020 and 12 in 2019.
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Oil Cos. Lose Bid To Keep Hawaii Climate Suits In Fed. Court
Law360 (March 15, 2021, 12:44 PM EDT) Energy giants including Chevron Inc. lost their emergency bid to keep Hawaii climate change suits in federal court, with a Ninth Circuit panel saying Saturday it s not convinced the companies would suffer irreparable harm if the case moves forward in state court.
A two-judge panel refused the effort by the companies just days before an emergency Monday deadline for them to try to convince the appeals court to stay a district court ruling sending the case back to Hawaii state court. That court is originally where the Maui and Honolulu governments sued the companies which include Sunoco LP, Royal Dutch.
Oil Cos Lose Bid To Keep Hawaii Climate Suits In Fed Court
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