7. Climate change takes over shareholder meetings
Springtime is go-time for investors to present non-binding but symbolically important resolutions to companies on a range of topics.
Driving the news: Environmental issues, particularly climate change, top the list for activist investors, accounting for 21% of roughly 400 proposals filed. That’s second only behind political activity, according to a report released in mid-March by several nonprofits.
- Why it matters: The investment community is becoming an alternative battleground between big companies and climate change as government policy on the matter retreats under Trump. While the resolutions are nonbinding, companies usually comply with the requests if they get more than 50% support.
What we’re watching: Will the SEC, which governs the process, grant a request by ExxonMobil to throw out an investor proposal calling on the oil giant to set targets to reduce its greenhouse gas emissions. — Amy Harder
Sign up for Amy's weekly Harder Line column, which will tackle this topic Monday, and the energy newsletter Generate by Ben Geman.