Tuesday, March 11, 2008

Green Investors Put Pressure On Corporations

The number of shareholder resolutions requesting that companies disclose what they are doing about climate change has doubled in the last two years, US News reports.

Already 14 of the 54 resolutions have been withdrawn after companies chose to disclose their global warming plans. Such commendable companies include Continental, Lowes, Harley Davidson and Southern Company. Among those still holding out are large oil companies like Exxon Mobil and ConocoPhillips.

According to Ceres, a coalition of investors and and environmental groups, "Many U.S. companies are confronting the risks and opportunities from climate change, but others are not responding adequately, and they may be compromising their long-term competitiveness as a result."

Click here for the full article.

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