Blog Archive: engagement Archives - Bright Now

13

Dec

2017

Exxon announcement on climate reporting: too little, too late

On Tuesday 12 December, ExxonMobil finally responded to shareholder pressure following a resolution passed at the company’s AGM in May 2017, announcing that it would report on the impact of climate policies on its business operations.

The announcement came on the second anniversary of the Paris Agreement, which the company publicly supports, although its actions have suggested otherwise. Read more

29

Jun

2017

Methodist Church takes a step closer to divestment

The annual Methodist Conference has this week voted for the principle of withdrawing investments from fossil fuel companies whose plans are at odds with the Paris Agreement on climate change. Read more

1

Jun

2017

Exxon climate resolution passed despite opposition from Board of Directors

Shareholders of ExxonMobil have voted in favour of a resolution calling on the company to report on the impacts of climate policies on its business, despite opposition from Exxon’s Board of Directors. Read more

11

Jan

2017

Church of England launches ‘Transition Pathway Initiative’ engagement framework

Today the Church of England joined the Environment Agency Pension Fund, the LSE’s Grantham Institute and various asset owners in launching the Transition Pathway Initiative, its framework for engagement with fossil fuel companies. Other partners include the Central Finance Board of the Methodist Church and CCLA. Read more

20

Jun

2016

ON response to Church of England consultation on extractive industries

Operation Noah has responded to the Church of England’s Ethical Investment Advisory Group (EIAG) consultation on extractive industries. A summary of the response can be found below and the full response can be found here. Read more

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