(WASHINGTON, DC – May 30, 2018) Today, a shareholder resolution filed with Chevron (NYSE: CVX) by As You Sow, requesting that Chevron improve disclosure of its methane management program and set a methane reduction target, received a 45% vote.
“The strong vote by Chevron shareholders on methane disclosure and target setting sends another powerful message to the oil and gas sector that methane is a key financial risk to the industry’s future. The 45% vote by Chevron shareholders demonstrates investors want to see action to limit methane emissions, which harm the planet and the bottom line.
“Investors, EDF, and other stakeholders will be watching Chevron closely to see if it seizes this opportunity and follows Exxon’s lead, who last year responded to investor concerns by implementing a methane management program and setting a reduction target.”
- Sean Wright, Senior Manager, Environmental Defense Fund
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