At Chevron, a resolution asking the company to produce a report disclosing the extent to which its lobbying aligns with the Paris Agreement achieved an historic 53% majority in its first ever year on the ballot, a result that “puts Chevron, and companies everywhere, on notice that investors view lobbying as a critical part of a company’s core climate strategy,” according to Ceres senior director of oil and gas Andrew Logan….“Majority votes on climate resolutions are here to stay, and companies had better get used to them. Chevron’s investors have proven that climate risk is a real financial risk, and that how a company lobbies matters to investors in their evaluation of that risk. They suspect Chevron is falling short, and they held them to account today with this majority vote.” More >>
