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Search resuls for: "As Transport Firms Try To Steer A Path Through Troubled Waters"


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SYDNEY, April 16 (Reuters) - Fifty climate change activists were charged with unlawful protest near Australia's biggest coal export port on Sunday after protesters climbed on a coal train. Climate activist group Rising Tide, which claimed responsibility for the protest, said arrests were made when people were "occupying the train". "Twenty of the group scaled the train and used shovels to unload coal from the laden wagons," it said in a statement. Climate change is a divisive issue in Australia, the world's top exporter of coal. The protest group posted an image on Twitter showing protesters in front and on top of a coal train.
Negotiators for the Writers Guild of America (WGA) have asked the roughly 11,500 members to give them the power to call a strike after May 1 if contract talks break down. The last WGA strike, in 2007 and 2008, lasted 100 days. Film and television work has rebounded, but movie-going remains below pre-pandemic levels, despite blockbusters such as "Avatar: The Way of Water." Residuals paid to TV writers hit an unprecedented $493.6 million in 2021. In 2017, WGA members authorized a strike but reached a deal hours before writers headed to picket lines.
Below are key extracts from the G7 climate, energy and environment ministers' communique, including the annex. RUSSIA"We condemn Russia's illegal, unjustifiable, and unprovoked war of aggression against Ukraine;"We stand ready to support the sustainable and resilient recovery and green reconstruction of Ukraine." "Currently $13 billion fiscal support that can be used for domestic and foreign projects is prepared across the G7 countries." PLASTIC POLLUTION"We are committed to end plastic pollution, with the ambition to reduce additional plastic pollution to zero by 2040." Reporting by Katya Golubkova; Editing by David Dolan and William MallardOur Standards: The Thomson Reuters Trust Principles.
"Climate change is an existential risk and a risk to investor returns," said John Galloway, who oversees the Pennsylvania firm's engagement and proxy voting at portfolio companies, in an interview by teleconference. Galloway said in practice the proposal, which won 42% support, would have required a wholesale change to Valero's business, a decision best left to the board. "A proposal that’s asking a company to make a change that’s changing its strategy is not a proposal we're likely to support," Galloway said. U.S. Republican politicians applauded the move as responsive to their efforts to counter many companies' treatment of environmental, social and governance (ESG) matters. Galloway said the decision was driven with an eye on the varied views of its largely retail client base.
NEW YORK, April 14 (Reuters) - Firms find that investors penalize their stock less for high greenhouse gas emissions if they voluntarily disclose that data, researchers at Lazard's climate center said on Friday. For energy companies the effect was more pronounced: Disclosure actually increased their P/E measure by 0.8%. "People might assume the worst if you don't disclose," said Peter Orszag, chief executive of financial advisory at Lazard. Many firms have pledged in recent years to reduce their carbon emissions, but the report found this had little observable impact on their valuations. "Investors may not interpret pledges as bearing material weight, but rather as ... bolstering public relations," the report said.
Last year, all of the record 15 shareholder proposals were rejected by investors' votes. Shareholder proposals across industries have increased since 2020, but support for them fell from 2021 to 2022, according to a PWC report. The report would detail the "impact of (Amazon's) policies, management, performance metrics, and targets," Tulipshare's proposal said. Tulipshare, which owns 13 shares or about $7,000 in Amazon stock, secured 44% of investors' votes in 2022. Amazon is recommending that shareholders reject Tulipshare's proposal, saying the company continually works to improve "safety processes, programs, and technology."
Companies Amazon.com Inc FollowNEW YORK, April 13 (Reuters) - E-retail giant Amazon (AMZN.O) is facing 18 shareholder proposals, beating its 2022 record of 15 proposals, as environmental, social and governance (ESG)-focused investors push for more changes in the company, according to Amazons' proxy statement released on Thursday. The number of shareholder proposals across industries has grown since 2020. Last year, all of the record 15 shareholder proposals were rejected by investors’ votes. Although Amazon has a record number of proposals on the ballot this year, this is not the most proposals that have been submitted by shareholders to the company. Amazon can challenge submissions with the Securities Exchange Commission or negotiate with investors to provide audits and reports outside of the annual shareholder meeting.
Tulipshare secured 44% of investors’ votes in 2022. Amazon's board has recommended shareholders vote against each of the 18 proposals. Last year, all of the record 15 shareholder proposals were rejected by investors’ votes. Amazon did not immediately respond to requests for comment on the increase in shareholder proposals. The proposals will be voted on during Amazon's annual meeting on May 24.
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