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Energy Sector Shareholders Continue to Push Companies to Address Climate, Fossil Fuels

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Investors have achieved notable victories during this year’s shareholder proxy season, with a near record 110 shareholder resolutions filed with 94 U.S. companies on hydraulic fracturing, flaring, fossil fuel reserve risks and other climate- and sustainability-related risks and opportunities.

The majority of resolutions filed within the energy sector focused on strategies recently promoted by the International Energy Agency in its report, Redrawing the Energy-Climate Map, to reduce sector-wide greenhouse gas (GHG) emissions at no net economic cost, and in some cases, economic gain.

Some of these strategies include:

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