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Faith-Based and Environmentalist Shareowners Withdraw Climate Change Resolutions at Six Companies [USA]
Last week, shareowner activists announced their withdrawal of climate change resolutions at six oil and gas companies [Apache, Anadarko, ChevronTexaco, Tesoro, Unocal, Marathon Oil] that have taken concrete steps to measure, mitigate, and disclose data on the environmental impact of their businesses...The development continues momentum from last year's proxy season, when five companies [American Electric Power, Cinergy, Southern Company, TXU, Reliant Energy] complied with the terms of climate change resolutions...Climate change resolutions are now pending at only three companies: XTO Energy...Vintage Petroleum...and ExxonMobil...which faces two climate change resolutions.