SHARE is encouraged by announcements which will hopefully both provide much-needed support for workers and communities that are most affected during these difficult times, and allow the oil and gas sector to accelerate efforts to transition to a low-carbon economy
Ovintiv Inc., a leading oil and gas producer in North America, has not made clear how it plans to reduce its emissions and manage its climate-related risks in an increasingly carbon-constrained environment. Unlike many of its peers, Ovintiv has not disclosed any climate-related targets, resulting in uncertainty for investors about how climate-related risks are being managed.
The Globe and Mail – As we head into proxy season – the time of year when most companies hold their annual general meetings – shareholders at publicly listed corporations will be asked to vote on how the board has decided to compensate its C-suite. This year, those votes will be overshadowed by the COVID-19 public health and economic crisis, and they will be different in two fundamental ways.
Mondaq – If your company is considering holding a virtual meeting this proxy season, it is important to understand both the legal requirements and the practical steps to be taken in preparation for the meeting.
Responsible Investor – Concerns with decent work, inclusion, productivity and sustainable business practices are unavoidable when a corporation is faced with economic challenges that test its resilience. That’s not a distraction from the crisis – it’s the solution to our recovery.
The theme of this year’s World Water Day was “Water and Climate Change” – a connection that fits neatly with SHARE’s work in recent years on shareholder engagement and policy work related to water. One thing that COVID-19 has made clear is that there is enormous capacity for coordinated global action – when there is the impetus and will to do so.
Following a longstanding engagement between SHARE and Cenovus Energy Inc., the company has committed to reducing its greenhouse gas (GHG) emissions intensity by 30% by 2030 and to keep absolute GHG emissions flat during that same period. It also announced an “ambition” of reaching net zero emissions by 2050.
GreenMoney -Within the investment world, reconciliation in Canada is largely in its infancy. As a result, in 2015, we founded the Reconciliation and Responsible Investment Initiative, which aims to align capital with Indigenous values.
At SHARE we have been thinking about how our work to build a sustainable economy fits into and is impacted by the unfolding crisis. We are looking at companies’ pandemic responses that include valuing decent work practices for all employees.
What happens, in the event of insolvency, to unreclaimed wellsites, tailings ponds, and other lands affected by oil exploration? Learn about the recommendations from SHARE.