BlackRock stands by climate priorities, sees tougher shareholder votes – Reuters

Michelle Edkins, BlackRock’s (BLK.N) global head of investment stewardship, said in an interview on Tuesday that the pandemic is consuming corporate attention but indicated that BlackRock will not cut company directors slack as it decides whether to back their re-election. BlackRock will continue to judge whether boards have made progress against goals BlackRock has touted…

Campaign contributions pay off for Ohio utilities and coal interests

Utility, nuclear and coal interests are big players in Ohio politics, giving about $3 million to Ohio political campaigns in 2018, according to data from the National Institute on Money in Politics. The industry interests have long been active politically. But just as competitive markets began coming into their own around 2010, the pattern of…

Jupiter Backs Barclays Shareholder Resolution on Climate Change – Bloomberg

Jupiter Asset Management has thrown its weight behind a shareholder campaign urging Barclays Plc to set out how it will stop financing energy firms that don’t align with the Paris Agreement climate goals. The London-based fund manager joins around a dozen institutions including Amundi SA to back what supporters say is the first climate change…

JPMorgan rejects calls to disclose lending’s impact on climate | American Banker

JPMorgan Chase is resisting proposals from activist investors that would require it to take stock of the impact its lending activities are having on climate change. Several members of the Interfaith Center on Corporate Responsibility want to put several climate-related proposals to a shareholder vote that would, among other things, ask the bank disclose how…

Majority Action Wants Former Exxon CEO Off the Board of JPMorgan

Few people are in a position to influence Jamie Dimon, the chief executive who turned JPMorgan Chase & Co. into the biggest U.S. bank. The longtime climate skeptic who turned Exxon Mobil Corp. into the biggest U.S. oil company is one of them. Lee R. Raymond, 81, holds the top position on JPMorgan’s 11-member board…