Blog Archive: May 2016 - Bright Now

27

May

2016

Exxon shareholders reject all climate resolutions at company’s AGM

On Wednesday 25 May, shareholders at ExxonMobil rejected all of the non-binding climate resolutions at its AGM in Dallas as they were recommended to do by the company’s Board of Directors, casting doubt on the effectiveness of the engagement approach pursued by the Church of England and other investors.

Recent investigations revealed that Exxon knew about the reality of climate change as early as the 1970s, yet poured resources into publicly denying climate change for years. The company is now under investigation by the FBI, at the request of the Department for Justice. Read more

24

May

2016

Church of Scotland divests from coal and tar sands

The General Assembly of the Church of Scotland has voted to divest from companies involved in the extraction and sale of coal and tar sands. It asked its investors to engage with other fossil fuel companies and agreed that the Church and Society Council should report back its findings to the General Assembly in 2018. Read more