On Wednesday, May 25th resolutions filed by the shareholder advocacy group As You Sow will
be voted on by investors at the annual meetings of three U.S. energy corporations: Chevron,
ExxonMobil, and Ultra Petroleum. The resolutions ask for a report on the environmental and financial risks of hydraulic fracturing (commonly referred to as “fracking”) in natural gas drilling. Fracking is a process of injecting a mixture of water, chemicals, and particles underground to create fractures through which gas can flow for collection.http://www.blogger.com/img/blank.gif
The shareholder votes will be taking place on May 25 at Chevron in San Ramon, California;
ExxonMobil in Dallas, Texas; and Ultra Petroleum in Calgary, Alberta. Resolution proponents filed shareholder rebuttals with the SEC and produced investor fact sheets which are available for ExxonMobil, Ultra Petroleum, and Chevron.
Read the entire press release HERE.
Learn more about the As You Sow shareholder resolutions HERE.