New York fund wins political disclosure from FirstEnergy
Bloomberg
A continuing push by New York State Common Retirement Fund, Albany, to have companies disclose political spending and lobbying activity resulted in an agreement with FirstEnergy Corp.
In return for the Akron, Ohio-based utility s agreement to post semi-annual comprehensive reports for corporate spending on candidates, political parties, ballot measures and trade association payments over $25,000, the pension fund will withdraw a related shareholder resolution, New York state Comptroller Thomas P. DiNapoli, sole trustee of the $247.7 billion pension fund, said Monday in a news release.
Mr. DiNapoli called it a positive step for a company that has run into significant troubles with its political spending. FirstEnergy is facing federal public corruption charges that it made more than $60 million in secret payments in exchange for a bailout. This illustrates how undisclosed corporate political activity can backfire
Shareholders Win Unprecedented Support for Reforms at Tyson Foods
More than 80 Percent of Outside Shareholders Back Teamsters, Oxfam America, ABHMS and NY State Proposals on Lobbying Disclosure, Human Rights Due Diligence, and Dual Class Stock Structure, Including BlackRock
News provided by
Share this article
WASHINGTON, Feb. 19, 2021 /PRNewswire/ Proxy voting results recently released from Tyson Foods (
NYSE: TSN) annual shareholder meeting show unprecedented levels of investor support for shareholder proposals seeking greater disclosure and accountability around the company s lobbying activities and human rights practices. The votes come amid intense scrutiny of Tyson s health and safety practices, and broader governance, after COVID-19 has wreaked havoc on its operations, infecting more than 12,500 workers and causing 39 deaths.
Ag Briefs: Farm hires down in 2020
Wisconsin State Farmer
WI Legislature to vote on $500 million tax cut
The Wisconsin Legislature overwhelmingly approved a half-billion dollar tax cut for businesses that received loans to help them keep employees on the payroll during the pandemic, one of several measures related to the coronavirus that are slated for consideration.
The bill cutting business taxes by $540 million by the middle of 2023 was up for a vote in both the Senate and Assembly. It will head to to Democratic Gov. Tony Evers who was non-committal last week about whether he would sign or veto the measure.
China oil giant CNOOC beats Canadians in oil sands emission cuts
Robert Tuttle, Bloomberg News VIDEO SIGN OUT
The Chinese drilling giant recently blacklisted by the U.S. has led efforts to clean up the Canadian oil sandsâ image as a global warming culprit.
CNOOC Ltd. slashed the rate of carbon dioxide released from its Long Lake oil sands site by a third in the eight years ended 2019, according to a study released last month by the Alberta Energy Regulator. Thatâs almost three times better than runner-up Cenovus Energy Inc.âs Tucker operations.
The Chinese oil explorer has been roiled in recent months after its parent was barred from access to U.S. technology in January over tensions in the South China Sea, leading to CNOOCâs removal from some stock indexes. Its improving environmental performance in Canada, on the other hand, jibes with efforts to help China reduce coal use and move to carbon neutrality by increasing natural gas production at home.