"Record Number of Climate Change Shareholder Resolutions Filed This Year", 28 Mar 2016

Environmental issues and sustainable governance make up 40 percent of the total of shareholder resolutions, according to As You Sow’s Proxy Preview 2016 report...There is a new emphasis on...what will happen to fossil fuel producers if governments enact restrictions on burning their products—as promised in the landmark December 2015 climate treaty in Paris...Climate change remains the main focus of all environmental shareholder resolutions, and one of the biggest drivers for the record number of climate change resolutions is the Paris climate treaty governments agreed on in December...[T]he two main main issues in climate change shareholder resolutions [are] carbon accounting and risk management disclosures...The bottom line is that shareholders need to have all the facts concerning the risks of climate change... “Shareholders have a fiduciary responsibility to ask questions and push for long-term sustainability of their portfolios, and they can’t do that if companies are unwilling to engage and disclose,” Cleveland [Shanna Cleveland, Senior Manager of Ceres’ Carbon Asset Risk Initiative] pointed out.  [Refers to Anadarko Petroleum, Chevron, ExxonMobil, Hess]