More on the Shareholder Story

CNN.com seemed to carry the same story I posted yesterday with more detail about the ten companies that are being accused by investors of not doing enough to combat global warming. The ten companies are:

1. Dominion Resources
2. TXU Corp. (to read more about TXU's plans to build 11 coal-fired power plants in Texas, see this article in this week's Fortune magazine)
   
3. ConocoPhillips
4. ExxonMobil
5. Wells Fargo
6. Bed, Bath & Beyond
7. Massey Energy
8. Consol Energy
9. ACE Limited
10. Allegheny Energy
    

Some Power of the Shareholder

This article talks about how a number of shareholders across the country are trying to get corporations to deal with global warming by writing resolutions for shareholder vote that ask that companies issue reports about how global warming affects their business, act to reduce emissions, and prepare for potential regulations on carbon. Resolutions such as these were on the ballot at 42 companies in the past year. Environmental organizations are promoting this type of activity by targeting companies they feel have a lot of work to do in the global warming area.

Branson Offers $25M Innovation Prize

To encourage innovation in technology development aimed at reducing global warming, Richard Branson has put up $25 million. He is encouraging governments to match that amount. The prize will go to a technology unlike technologies that are currently under development and one that is "more than a stop-gap against global warming gases." In fact, the aim is to award a technology that will remove at least 1 billion tons of carbon dioxide a year from the Earth's atmosphere. Al Gore was with Branson at the announcement of the prize.

9 Companies Looking to Help With Society's Problems

Business 2.0 has an article that lists nine issues facing humanity and highlights at least one company that is looking to a business opportunity in tackling the problem. The link to the article contains links to each of the nine issues and companies. The nine issues are:

1. Global Warming
2. Oil Dependency
3. Hunger and malnutrition
4. Dirty Air
5. Dirty Water
6. Over fishing
7. Epidemics
8. Drug-resistant infections
9. Waste Disposal