UN resolution condemns Russia's occupation of Crimea
UNITED NATIONS (AP) — The U.N. General Assembly approved a resolution Monday condemning Russia’s occupation of Crimea and the city of Sebastapol and urging the withdrawal of its military forces “without delay.” The vote in the 193-member assembly was 63-19 in favor of the measure, while 66 nations abstained and 45 did not vote. Unlike Security Council resolutions, General Assembly resolutions are not legally binding, though they do reflect world opinion.
The Exxon and Chevron resolutions are vaguer than the European text, underscoring an Atlantic divide over companies' approach to climate change. Exxon last year successfully blocked a resolution by the Church Commissioners for England and the New York State comptroller's office.
Exxon Mobil and Chevron faced protests Wednesday from environmental activists and some of their own investors at their annual meetings, but shareholders still shot down proposals pushing for greater climate change transparency and accountability. The United States' two largest energy companies
By Ron Bousso
LONDON (Reuters) - An activist group is increasing the pressure on five big U.S. and European oil companies with shareholder resolutions urging them to meet the Paris climate goals and cut carbon emissions.
Dutch group Follow This is targeting U.S. giants ExxonMobil, Chevron and their European rivals Royal Dutch Shell, BP and Equinor with climate resolutions ahead of next year's annual general meetings (AGMs) scheduled for the first half of 2020.
Activist Thunberg denounces "creative PR" in climate fight
Teenage climate activist Greta Thunberg accused political and business leaders of polishing their images rather than taking aggressive action in the fight against climate change at a United Nations summit on Wednesday. © Reuters/SUSANA VERA U.N. Climate Change Conference (COP25) in Madrid "It seems to have turned into some kind of opportunity for countries to negotiate loopholes and to avoid raising their ambition," the 16-year-old Swede told the meeting in Madrid, drawing applause.
But shareholders at Exxon Mobil approved one resolution that could make it easier to one day nominate an environmentalist to the board. ExxonMobil Chairman Rex Tillerson, shown here in 2015, urged shareholders to reject the resolutions , arguing that not enough is known about the
Both ExxonMobil and Chevron are urging voting shareholders to reject proposals that would force the companies to release climate impact reports, increase transparency of climate change lobbying efforts, adopt greenhouse gas emission (GHG) reduction targets, and in Exxon 's case
Follow This owns minor stakes in the companies which enables it to file shareholder resolutions.
The Exxon and Chevron resolutions are vaguer than the European text, underscoring an Atlantic divide over companies' approach to climate change.
The U.S. version calls on the Exxon and Chevron boards to "align its strategy with emission levels compatible with the goal of the Paris Climate Agreement", which aims to keep global warming below 2 degrees Celsius.
The European companies, which all agreed in recent years on various emission reduction targets, are however urged to set and publish clear long-term targets to meet the Paris goals.
Time names climate activist Greta Thunberg its Person of the Year
At 16, Thunberg is the youngest person to be named Time's Person of the Year.The magazine first selected a Person of the Year in 1927. Last year, it named The Guardians and the War on Truth, a collection of journalists and a news organization that did their jobs despite great personal cost. In 2017, Time chose The Silence Breakers as its Person of the Year, which included people who spoke up against sexual assault and harassment.
Exxon and Chevron shareholders rejected a series of climate change-related proposals at the companies’ annual investors meetings on Wednesday. At Chevron ’s meeting, one investor proposal asked the company to report on its strategy for reducing its carbon footprint, putting the business in
SAN RAMON, Calif. - Today, 33% of investors at Chevron Corporation’s annual meeting voted in support of a shareholder resolution asking the company to report on how it plans to reduce its full range of greenhouse gas emissions and transition its business model to align with a decarbonizing
The resolutions urge all companies to include all types of emissions in their climate strategies, including those from fuels and products sold to customers, known as Scope 3 emissions, which are 6 to 8 times bigger than emissions from the companies' operations.
Follow This first filed a climate resolution with Shell in 2016 but last year it expanded its efforts to other companies as the climate debate gathered momentum.
Its resolutions have always been opposed by the companies' boards and have never won a majority support, but they have often led to debates during annual meetings.
It is still unclear if the U.S. resolutions will be put to vote as companies are allowed to request regulators to bar shareholder resolutions.
Energy Efficiency Is a Hot Problem for Big Tech’s Data Centers
As companies get more innovative on the computing front, they have to figure out how to keep things cool — literally.Before getting into that innovation, though, there’s a crucial equation to consider: the power usage effectiveness ratio, or PUE. PUE is a measure of a data center’s energy efficiency — the ratio of total energy used divided by energy consumed specifically for information technology activities. The theoretical ideal PUE is 1, where 100% of electricity consumption goes toward useful computation.
Two big climate votes today at the Chevron Corporation (NYSE:CVX) and Exxon Mobil Corporation ExxonMobil shareholders voted in support of a shareholder resolution asking the company to Both resolutions were filed by As You Sow. Danielle Fugere, president of As You Sow, had this to
Shareholders worried, read the resolution , that Chevron had not adopted any policies to reduce pollution and subsequent climate change, despite the Lila Holzman, energy program manager of As You Sow, a shareholder advocacy group that helped draft the resolutions said the Exxon vote was
Exxon last year successfully blocked a resolution by the Church Commissioners for England and the New York State comptroller's office.
Follow This also renewed pressure on Shell with a call to set out clear short, medium and long-term targets for greenhouse gas emission targets.
Last year the group did not file a resolution with the Anglo-Dutch company after it had agreed in 2017 together with a large group of investors on a long-term ambition to halve its emission intensity by 2050.
Shell confirmed a resolution has been filed and it is being reviewed. BP declined to comment. Equinor did not reply to requests for comment.
Chevron confirmed the resolution was filed. A spokesman for the company said it was "too early to comment directly on stockholder proposals," adding that the company had established goals to reduce emission intensity in its upstream operations.
Exxon did not comment on the Follow This resolution but said that "all shareholder proposals will go through the proper process in advance of the annual meeting."
(Additional reporting by Jennifer Hiller in Houston, Nerijus Adomaitis in Oslo; editing by David Evans)
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