A record number of investors are pressuring fossil-fuel companies to reveal how climate change could hit their bottom lines.
Efforts by shareholders to push resolutions on the risk related to carbon regulations are reaching a tipping point, with almost half of investors in fossil-fuel and utility companies backing resolutions, according to a new analysis by nonprofit group Ceres not yet published publicly. Activist shareholders of publicly traded companies have been pushing resolutions on climate change for years and now the effort is going mainstream with new support from institutional investors.
Why it matters: With the U.S. government retreating on climate policy under the leadership of President Trump, corporate America is emerging as the central battleground. The increased support for climate-related resolutions show that mainstream investors are taking the issue more seriously than ever despite Trump.