Alan Murray Can’t Understand Why the BRT Likes Climate Change

We’ve highlighted the reason Alan Murray overlooks below in his confessed inability to understand why the BRT left environment out of its recent commitment to social good. [F]or reasons not entirely clear to me, the BRT seems to have lost its environmental enthusiasm. In a Medium post last week, which was intended to reinforce the…

More Investors Vote Against Corporate Directors Over Climate Change – WSJ

Investors are increasingly voting against the election of corporate directors to get companies they see as laggards on climate change to raise their ambitions. So far this year, investors have cited climate change as a reason for opposing the election of a management-backed director at 225 U.S. companies, up from 157 in 2021 and 83…

WSJ Gets Duped on Fake News ESG “Study”

The Wall Street Journal was either duped or disingenuous in an op-ed from Vivek Ramaswamy (author of anti-ESG book Woke, Inc.) and Riley Moore (Treasurer of coal-economy West Virginia) about a study giving bad grades to pension funds and fund managers for supporting the proxy contest at ExxonMobil in 2021. See below: Insight ESG Energy is…

The GOP Is the Party of Gruesome Oil Profiteering | The Nation

“Investor pressure to maintain capital discipline” is a nice way of referring to putting profits ahead of the public good. And that’s precisely what the oil companies are doing. “Big Oil executives are bragging to shareholders about price gouging families at the pump,” said [California Representative Katie] Porter. “They’re purposely keeping supply low to earn…

Comment from Securities Law Professors on SEC’s Climate Disclosure Proposal

A group of distinguished securities law professors have submitted a comment to the SEC on the proposed rule that would require additional disclosures about climate change. Some highlights [footnotes omitted]: —The Commission’s disclosure authority extends not just to information relevant to investor trading decisions but also to information used by investors in connection with the…

Nell Minow’s Comment to the SEC on Proposed Climate Change Disclosure Rule

VEA Vice Chair Nell Minow has submitted a comment to the SEC on File No. S7-10-22, Proposal on Climate-Related Disclosures for Investors. The full comment is attached below. An excerpt: Government regulation is most needed when there are collective choice issues or conflicts of interest. Both are the case when it comes to corporate disclosures….

CalPERS and Massachusetts PRIM Vote Against Chevron Directors

Massachusetts State Treasurer and Receiver General Deborah B. Goldberg today announced her opposition to the election of all members of the board of Chevron Corporation (NYSE: CVX) ahead of the company’s annual meeting on May 25. “Last year more than 60 percent of Chevron’s shareholders voted for a proposal calling on the company to set…