Tag Archives: Fracking

The Promise of Shareholder Activism?

Recently, ExxonMobile made headline news for agreeing to shareholder requests for greater transparency regarding risks associated with its fossil fuel assets and shale gas activities. In late March, the company agreed to publish information about the risks that stricter limits on carbon emissions would have for its current portfolio and for future development of its deep-water oil reserves. This was quickly followed by a move to address growing concerns over the environmental impacts of fracking. In a major turnaround, ExxonMobile agreed to report how it manages risks associated with fracking such as those related to air quality and the use of water and chemicals. These concessions are the result of sustained mobilization by shareholder organizations including Arjuna Capital, a wealth management firm that focuses on sustainability, and As You Sow, an advocacy group for social corporate responsibility. Similarly, the electrical company, FirstEnergy recently agreed to release information about the effects of changing climate policy on its business model. These events signal that corporate actors increasingly view shareholder activist organizations as legitimate claims makers. It also points to new directions for social movement research. Continue reading

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Can Grassroots Campagins Boost the Climate Movement?

Recently, an environmental youth summit called Power Shift was held in Pittsburgh, PA. The event is held every two years and brings together youth leaders and other activists to mobilize around issues related to clean energy and climate change. 7,000 people registered to attend the four-day summit, which entailed an environmental conference held at the David L. Lawrence Convention Center and direct actions (e.g., marches and other demonstrations) throughout the city.

The Energy Action Coalition (EAC) sponsors Power Shift. The EAC was founded in 2004 to build a youth clean energy and climate movement and is composed of 50 youth-led environmental and social justice groups from across the country. The EAC also maintains a professional staff located in Washington, D.C. where the first Power Shift conference was held in 2007. This conference drew over 5,000 attendees and subsequent summits, also held in the capital have garnered increasing numbers and high profile speakers such as Al Gore, Nancy Pelosi, Bill McKibben and Ralph Nader. Continue reading

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