Investors Raising Heat on Fossil Fuel Companies

The Nathan Cummings Foundation

 

Investors Raising Heat on Fossil Fuel Companies

 

 

On the heels of a historic global climate agreement in Paris, investors have filed a record number of shareholder resolutions this year with major U.S. energy companies asking them to disclose their strategies for competing in a global economy that is shifting towards clean energy and away from fossil fuels.

The resolutions seek clarity on fossil fuel companies’ plans to evolve post-Paris, and include requests that companies like ExxonMobil, Chevron, AES Corp. and Southern Co. ‘stress test’ their business plans against the accord’s goal to reduce carbon pollution in order to limit global temperature rise to below 2 degrees Celsius.

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