More Company Climate Votes Ahead, As Trump May Loosen Energy Rules
But activists often won more backing for ideas such as urging companies to report on their strategy for dealing with climate change, according to the Sustainable Investments Institute, a research firm specializing in shareholder votes, supported by universities, pension funds and other institutional investors.
Anne Simpson, director of sustainability for the California Public Employees' Retirement System (Calpers), which manages about $300 billion, said it plans to file or back resolutions at U.S. oil and gas companies for 2017, though she declined to discuss specifics.
Last year the boards of mining companies including Rio Tinto Plc and Glencore Plc endorsed resolutions Calpers submitted calling for reports on climate risk, and the measures passed by wide margins.
More companies will likely embrace shareholder proposals to head off disruption caused by climate change, Simpson said.
"Economics is driving this, not politics," she said.
(Reporting by Ross Kerber in Boston; Editing by Bill Rigby)
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