Shareholders Push Chevron to Disclose Methane Emissions
Environmental Defense Fund statement from Sean Wright, Senior Manager
(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
One of the world’s leading international nonprofit organizations, Environmental Defense Fund (edf.org) creates transformational solutions to the most serious environmental problems. To do so, EDF links science, economics, law, and innovative private-sector partnerships. With more than 3 million members and offices in the United States, China, Mexico, Indonesia and the European Union, EDF’s scientists, economists, attorneys and policy experts are working in 28 countries to turn our solutions into action. Connect with us on Twitter @EnvDefenseFund
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