Posts Tagged ‘Exxon’
California Pensions Fail to Engage: A review of CalPERS’ and CalSTRS’ votes against shareholder climate resolutions
Read the full report. As the impacts of climate change begin to wreak havoc on our bisophere, the fossil fuel divestment movement has gained remarkable momentum. Globally, 1,500 institutions representing over $40 trillion in assets have already committed to some level of divestment from the fossil fuel industry.1 Despite over a decade of pressure from…
Read moreCalSTRS Tunes Out Teachers to Engage with Exxon
The California State Teachers’ Retirement System (or, CalSTRS) prides itself on its shareholder engagement with fossil fuel companies. However, by spending their resources, time, and energy on connecting with oil giants like Exxon, CalSTRS has failed to engage with the shareholders who matter most: their own.
Read moreA Good Summer for Divestment
For climate activists, this will be a summer to remember. The last few weeks have produced a flood of good news for divestment campaigns.
Read moreVictory for Engagement at Exxon: It’s Not Enough
Fossil fuel giant ExxonMobil was forced to seat three new climate-competent board members on May 26, as a result of a $30 million proxy fight led by a tiny hedge fund named Engine No.1. Will this unprecedented event help transform Exxon into a climate-friendly company? Chris Ailman, the CIO of CalSTRS who was among the…
Read moreExxon's Board Meeting: Louder Protests; Still No Results
Exxon shareholders on Wednesday rejected a resolution that would have forced the oil giant to calculate and report the impact of climate change on its long-term business prospects, as well as other climate-related proposals, in some cases by an “overwhelming majority.” DeSmog Blog‘s Steve Horn reports that “shareholders voted against one that called for the…
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