Winning: First Energy and Steve Milloy agree to climate disclosures

First Energy Corp., one of the largest electric utilities in the US, has agreed to make certain climate disclosures in exchange for Steve Milloy withdrawing his climate disclosure-related shareholder proposal.

Milloy’s shareholder proposal requested that First Energy disclose to shareholders the costs and benefits of its voluntary emissions cuts.

The agreement between Milloy and First Energy begins on May 31, 2021 and covers the next three years.

It requires that First Energy disclose on its web site its annual emissions as a percentage of global emissions.

“I applaud First Energy for being the first company in the world to agree to present its emissions in the larger context of global emissions,” Milloy said.

“This is an important first step in getting companies to discuss honestly the insignificance of their emissions cuts,” Milloy added.

For more on this topic, read Milloy’s petition to the U.S. Securities and Exchange Commission requesting action to stop corporate lying on climate.

via JunkScience.com

https://ift.tt/2OGnltE

March 11, 2021 at 05:41PM

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s