Kathy Mulvey, Chair of the UUA Socially Responsible Investing Committee, is monitoring the annual shareholders’ meetings of major oil and gas companies this month. Today she represented the UUA at the ConocoPhillips annual meeting, where a climate-related shareholder proposal calling on the company to set global warming emissions reduction targets consistent with the goals of the Paris Climate Agreement passed with a 58 percent majority. This majority vote is not only a wake-up call to the board and management of ConocoPhillips, but also a signal to other major oil and gas companies that investors are impatient for meaningful climate action.
For more details about the climate-related issues on the agenda with ConocoPhillips, BP, and Royal Dutch Shell, read Kathy’s post on the Union of Concerned Scientists blog here.