In a show of how seriously investors, environmentalists and advocates are looking at the environmental costs and financial uncertainties associated with tar sands, support has grown dramatically for shareholder resolutions filed at major oil companies. This movement parallels increased activity on the part of more than 50 nongovernmental organizations working to slow down the expansion [...]

WHEREAS
ConocoPhillips has extensive interests in oil sands operations in the Canadian boreal forest region. Our company is the operating partner of the Surmont oil sands venture and is a partner in the FCCL Oil Sands Partnership, in addition to having interests in other properties.
Oil sands extraction presents a unique set of challenges due to its [...]

 
In early June, Trillium Asset Management Social Research Analyst Susan Baker led a group of 40 investors on a fact-finding tour of Louisiana’s “Cancer Alley.” The investors, who were gathered in New Orleans for the annual meeting of the Interfaith Center for Corporate Responsibility, represented faith-based institutions and socially responsible investment firms collectively holding billions of dollars [...]

BOSTON – May 14, 2009.  ConocoPhillips shareholders demonstrated even stronger  support this year than last for a shareholder proposal calling for the company to fully account for the environmental impact of its tar sands operations. Over thirty percent (30.54%) of shareholders voted in support, compare to last year’s vote of 27.5%. The “yes” vote represented [...]

WHEREAS
ConocoPhillips has extensive interests in oil sands operations in the Canadian boreal forest. ConocoPhillips holds a 9% interest in Syncrude; is the operating partner of the Surmont oil sands; and is a partner in the FCCL Oil Sands Partnership. Total production capacity for these projects is estimated at 950 MBD within the next few years.
The [...]

For our 2008 advocacy efforts, we’re pleased to report a fair amount of progress — never as much as we’d like (we’d like superhero powers), but enough to confirm that shareholder activism remains a potent tool for change.
Climate change. Our shareholder resolution at ConocoPhillips requesting a report on the environmental and social impacts of tar [...]

INVESTORS DECRY BP’S ENTRY INTO TAR SANDS
Statement to be submitted at BP annual meeting today in London
 
Contacts: Shelley Alpern, Trillium Asset Management Corporation
(617) 292-8026, x 248
Lauren Compere, Boston Common Asset Management
(617) 720-5557
April 17, 2008 (Boston) – A group of American and British investors released a statement today expressing disappointment at BP’s (NYSE: BP) investment in [...]

In a rational global economy not entirely driven by short-term profit maximization, the collective body politic of all nations would have applied the precautionary principal to the threat of climate change twenty years ago. We’d now be celebrating the fruits of two decades of aggressive efficiency measures, phased down fossil fuel use, and the mass [...]

WHEREAS
ConocoPhillips has considerable interests in oil sands operations in the Canadian boreal forest that mine and upgrade bitumen. ConocoPhillips holds a 9% interest in Syncrude, a joint venture expected to produce 350,000 barrels/day by 2010, and is the operating partner of the Surmont oil sands joint venture project, with a 50% equity stake (potential production: [...]

WHEREAS
Due to the international requirements of the Kyoto Protocol, ConocoPhillips is facing unprecedented pressure to reduce emissions and meet clean energy demands, and growing public pressure to make significant emissions reductions.
To avoid the most dangerous impacts of climate change, experts believe that we must hold CO2 emissions at or near 2004 levels for the next [...]