Energy companies may be more willing to give in to investor demand for disclosure on climate change after a record show of support for environmental issues this proxy season.
Average backing for environment-related proposals from shareholders at Fortune 250 companies rose from 21 percent of voting investors in 2016 to 27 percent so far in 2017, its highest point in 12 years tracked by the Manhattan Institute’s Proxy Monitor database.
Growth in support was driven by unprecedented majority votes for shareholder proposals asking Exxon Mobil Corp., Occidental Petroleum Corp. and electric utility PPL Corp. to report on the long-term business ...
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