Obama Administration has the Opportunity to Reverse SEC Policies that Censored Environmental and Social Inquiries
The current financial and economic crisis demonstrates the extent to which all sectors and all participants in the market, whether companies, investors, employees, or communities, are interrelated and deeply affected by the actions of any one participant. Protecting and enhancing the [...]

WHEREAS
The International Energy Agency warned in its 2007 World Energy Outlook that “urgent action is needed if greenhouse gas [GHG] concentrations are to be stabilized at a level that would prevent dangerous interference with the climate system.”
ExxonMobil operates in countries that have ratified the Kyoto Protocol, obliging them to reduce GHG emissions below 1990 levels [...]

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: [...]

Adam Seitchik, Ph.D., CFA, Executive Vice President of Trillium Asset Management Corporation, recently authored Climate Change From the Investor’s Perspective. This is part of the “Growing The Economy through Global Warming Solutions” series of reports developed by the Civil Society Institute (www.civilsocietyinstitute.org), a non-profit organization dedicated to finding solutions [...]

WHEREAS
ExxonMobil Corp. “is the world’s largest petroleum and petrochemical
enterprise,” and “largest net producer of hydrocarbons in Europe”;
“ExxonMobil recognizes that the impact of greenhouse gas emissions [GHG] on society and ecosystems may prove to be significant”;
ExxonMobil faces potential strategic challenges from “the competitiveness of alternative hydrocarbon or other energy sources” (2006 10K);
Leaders of 25 corporations, including [...]

WHEREAS
Anadarko’s operates in four countries worldwide that have ratified the Kyoto Protocol, which obliges industrialized countries to reduce national greenhouse gas (GHG) emissions below 1990 levels by 2012, and provides financial incentives for non-industrialized participants to reduce their GHG emissions.
Since Kyoto was adopted, the urgent need for action to prevent the most damaging effects of [...]

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 [...]

At any given time, the social research and advocacy staff of Trillium Asset Management Corporation are actively working on numerous social and environmental issues of concern to our clients. (Please visit our Engagement page to read more about the means we use to influence corporations.)
The categories below link to more specific descriptions of our work [...]

WHEREAS:
In 2005, the scientific academies of 11 nations, including the U.S., stated that, “The scientific understanding of climate change is now sufficiently clear to justify nations taking prompt action. It is vital that all nations identify cost-effective steps that they can take now, to contribute to substantial and long-term reductions in net global greenhouse [...]

WHEREAS, international energy companies face unprecedented pressure to reduce greenhouse gas (GHG) emissions. Nations implementing the Kyoto Protocol are committed to significant reductions.

The Guardian (10/07/04) reported: “Exxon… saw its greenhouse gas emissions jump 2% last year to 135.6m tones” and that “an Exxon spokesman admitted that the company had no targets for reductions in [...]