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Environmental defeats against ExxonMobil and Shell show energy giants could be forced to decarbonise more aggressively.

BlackRock Inc. for months has vowed to take a more proactive role in addressing climate change. Today, that promise will be put to the test.

State treasurers manage their state's investments, which means they're making big decisions about where big budget items, like public pensions, are being held. Treasurers are seeing that demands for climate action can’t wai, and they're in a position to pressure fossil fuel company investors to fina

EnergyClimate activists urge BlackRock, Vanguard to vote against Exxon directors Jennifer Hiller 4 minute read Darren Woods, Chairman & CEO of Exxon Mobil Corporation, attends a news conference at the New York Stock Exchange (NYSE) in New York, U.S., March 1, 2017. REUTERS/Brendan McDermid Climate activists are prodding Exxon Mobil Corp's (XOM.N) top shareholders to vote against the reelection of two directors, a move that could boost a hedge fund's proxy fight to seat four candidates on the oil giant's board. Environmental group Sierra Club and other activists have bombarded BlackRock Inc (B...

The coronavirus pandemic called even more attention to the pressures dealt with by hourly workers. While many companies ceded sick pay to their employees during the crisis, concerns about valuing profits over safety have led many to speak up, like the recent union drive by Amazon workers in Alabama. "Last year was a big wake-up call for front-line workers and the necessity of having those people," McRitchie said. One example is the widening chasm between CEO and worker compensation. From 1978 to 2018, CEO compensation rose more than 1,000%, while wages for the typical worker grew just 11.9%, ...