An overwhelming 98 percent of Chevron investors voted in favor of a proposal calling for an analysis of the reliability of its methane disclosures.
An overwhelming 98 percent of Chevron investors voted in favor of a shareholder proposal from Mercy Investment Services calling on the oil and gas major to issue an analysis on the reliability of its methane disclosures.
Chevron recommended shareholders vote in favor of the resolution, unprecedented as a statement of support for a climate resolution from an oil and gas company. The important vote was also flagged by Climate Action 100+, the world’s largest investor initiative on climate change.
“Today’s vote on methane disclosures is a crystal-clear statement on the benefits of aggressive action to measure and reduce methane emissions, for the climate, as well as companies’ and investors’ bottom lines.