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Article

5 Feb 2013

Author:
Ceres, Green Century Capital Management, Investor Environmental Health Network [USA]

Investors Press Oil and Gas Companies to Reduce and Report Risks from Hydraulic Fracturing Operations

Citing concerns over water management, toxic chemical disclosure, greenhouse gas emissions and other community impacts, investors have called upon 9...companies to disclose critical information about the ways they are managing and measuring the risks associated with hydraulic fracturing, or “fracking,” operations and shale gas transmission. Shareholders have filed resolutions with Cabot Oil and Gas, Chevron, Exxon Mobil, EOG Resources, ONEOK, Pioneer Natural Resources, Spectra Energy, Range Resources and Ultra Petroleum challenging these companies to quantifiably measure and reduce environmental and societal impacts...Leslie Samuelrich [of]...Green Century Capital Management, which...coordinates a shareholder campaign...with The Investor Environmental Health Network...[said] “...oil and gas companies must now implement quantifiable plans to reduce the impact of their operations on the environment.”...The majority of the resolutions filed focus on quantitative risk reporting, urging companies to issue reports including specific data...