Shareholder Resolutions on Fracking Gain Traction

Jun 06, 2011 1 Comment by

Opponents of fracking have taken their cause to energy companies’ shareholders, and the results are impressive.  The shareholder resolutions do not ask the companies to stop fracking, but conduct it in a way that mitigates the impact on the environment and communities.  Supporters of these resolutions also insist that more careful extraction will boost the companies’ bottom line in the long run.  Recently the Securities and Exchange Commission (SEC) released results of shareholder votes on hydraulic fracturing, and the results will encourage fracking opponents.

Recent shareholder resolution votes on fracking resulted in the following percentages of “yes” votes:

Energen 49.5%
Carrizo 44% (preliminary total)
Ultra Petroleum 42%
Chevron 41 %
Exxon 28%

Read the rest of my commentary on Triple Pundit.

CSR, energy, water

About the author

Leon Kaye is the founder and editor of GreenGoPost.com and its advisory division, GGP Media. Contact him to discuss how he can work with your organization or event. His focus is making the business case for sustainability and corporate social responsibility (CSR). He writes for San Francisco-based Triple Pundit, Inhabitat and now The Guardian, for which he writes about waste, water, and green building. He has also written for AIA's Architect Magazine. Leon lives in Los Angeles, and when he has free time, he enjoys hiking, gardening, cooking, weightlifting, and planning his next trip to one of the 50+ countries he has visited. He has an MBA from USC's Marshall School of Business and is also a proud graduate of the University of Maryland-Baltimore County (UMBC) and Cal State-Fresno.

One Response to “Shareholder Resolutions on Fracking Gain Traction”

  1. New York Landowners Assert Their Right to Fracking | greengopost.com says:
    May 10, 2012 at 11:04 AM

    [...] financial opportunities in areas of upstate New York that have long been economically stagnant. The controversy has also pitted towns that have banned the practice against counties that allow fracking. Read the [...]

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