Environmental Capital provides daily news and analysis of the business of the environment. It tracks how growing green concern, particularly over climate change, is roiling established industries and spurring new ones – and how that shift is affecting investors, consumers and the planet.
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Green Activists: Thank Heaven for $4 Gas
Posted on August 20, 2008
Green shareholder activists wrangling to get big corporates to clean up their act are celebrating their best year ever. The big reason: high energy prices. ExxonMobil chairman and CEO Rex Tillerson (AP)CERES, a group of activist shareholders with about $5 trillion in holdings, just wrapped up its busiest-ever proxy season. Shareholders filed 57 shareholder resolutions with big companies urging them to change their ways; almost half agreed to do so without putting it to a vote. And when it came time to vote, CERES says, green ideas mustered record support an average of 23.5%.CERES celebrated ...
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