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.