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A fracking crew member works outside the Halliburton Sandcastle, at an Anadarko Petroleum Corporation site. Photo: RJ Sangosti/The Denver Post via Getty Images

A majority of investors of Anadarko Petroleum Corporation approved a non-binding, but symbolically important, resolution related to climate change during the producer's annual meeting Tuesday, and similar votes at other energy companies are expected in the coming days.

Why they matter: They’re the latest in a trend of investors increasingly calling on publicly held fossil-fuel companies to be more transparent about how policies to cut greenhouse gas emissions could impact their bottom lines despite President Trump's retreat on the issue.

Driving the news: The proposals mostly call on companies to issue reports assessing how their businesses would fare in a world that cuts greenhouse gas emissions roughly in line with the aspirations of the 2015 Paris climate accord.

  • Anadarko had its vote today, with a majority voting in favor of it. The specific percentage will be disclosed at a later date. A spokesperson didn't immediately respond to a request for comment.
  • Investors at Wisconsin utility MGE Energy voted down the same type of proposal, with more than 90% voting against it, according to a spokesman.
  • A vote at Chesapeake Energy, another oil and gas producer, is set for Friday.
  • Utility PNM Resources has a vote scheduled for May 22.
  • Across the Atlantic, Royal Dutch Shell faces a high-profile vote also on May 22 that goes far beyond issuing a report, and would hold the company to hard carbon-reduction targets. Its CEO, Ben van Beurden, has urged Shell’s investors to oppose it.

Yes, but: The resolutions aren’t legally binding, but a majority support typically indicates the company will act to respond in some way rather than ignoring it, which companies often do for resolutions that don’t pass the 50% threshold. The process, which for most companies occurs in the spring, has been called "shareholder democracy."

One more thing: We reported last week that a majority of investors at pipeline maker Kinder Morgan approved two key resolutions: One calling on the company to issue a report on how its business would fare amid steep carbon reductions, and another calling for an annual sustainability report. The company disclosed the specific percentages in a filing posted on its website Tuesday. Both measures got just under 60% support.

Editor's note: This has been updated to reflect a vote outcome at MGE Energy.

Go deeper

2 hours ago - Politics & Policy

Senate Democrats settling on 25% corporate tax rate

Sen. Joe Manchin (D-W.Va.). Photo: Chip Somodevilla/Getty Images

The universe of Democratic senators concerned about raising the corporate tax rate to 28% is broader than Sen. Joe Manchin, and the rate will likely land at 25%, parties close to the discussion tell Axios.

Why it matters: While increasing the rate from 21% to 25% would raise about $600 billion over 15 years, it would leave President Biden well short of paying for his proposed $2.25 trillion, eight-year infrastructure package.

GOP pivot: Big business to small dollars

Illustration: Annelise Capossela/Axios

Republican leaders turned to grassroots supporters and raked in sizable donations after corporations cut them off post-Jan. 6.

Why it matters: If those companies hoped to push the GOP toward the center, they may have done just the opposite by turning Republican lawmakers toward their most committed — and ideologically driven — supporters.

CDC: Half of U.S. adults have received one COVID-19 vaccine dose

Data: CDC; Chart: Axios Visuals

Half of U.S. adults have received at least one dose of the COVID-19 vaccine and about a third are fully vaccinated, according to new data from the Centers for Disease Control and Prevention.

Why it matters: COVID-19 cases and hospitalizations are still on the rise, CDC director Rochelle Walensky said during Friday's White House COVID-19 briefing. With cases in many states being driven by variants, public health officials have emphasized the need to ramp up vaccinations.