Emissions and Climate – Page 8 – Trillium Asset Management

Bank of America – Moritorium on Coal Financing (2008)

January 23, 2008

WHEREAS Bank of America (BOA) is a diversified financial services company providing banking,investment, investment banking, credit card and consumer finance services.BOA recognizes that its ability to attract and retain customers and employees could be adversely affected “to the extent our reputation is damaged” and that “failure to address, or to appear to fail to address various issues” could damage the Corporation and its business prospects. (2005 Annual Report)BOA also recognizes that: The health of our company is dependent on the health of communities and our society; Climate change and atmospheric pollution represent a risk to the ultimate stability and sustainability …

Alliant Energy – Greenhouse Gas Emissions Reduction (2008)

January 23, 2008

WHEREAS In 2007, the Intergovernmental Panel on Climate Change found that that “warming of the climate system is unequivocal” and that man-made greenhouse gas emissions are now believed, with greater than 90 percent certainty, to be the cause. In October 2007, a group representing the world’s 150 scientific and engineering academies including the U.S. National Academy of Sciences issued a report urging governments to lower greenhouse gas emissions by establishing a firm and rising price for such emissions and by doubling energy research budgets to accelerate deployment of cleaner and more efficient technologies. In October 2006, a report authored by …

ExxonMobil – Greenhouse Gas Emissions Reduction (2007)

November 26, 2007

WHEREAS ExxonMobil Corp. “is the world’s largest petroleum and petrochemical enterprise,” and “largest net producer of hydrocarbons in Europe”; “ExxonMobil recognizes that the impact of greenhouse gas emissions [GHG] on society and ecosystems may prove to be significant”; ExxonMobil faces potential strategic challenges from “the competitiveness of alternative hydrocarbon or other energy sources” (2006 10K); Leaders of 25 corporations, including KLM, Statoil, GE International, and Shell UK, wrote European Commission President Barroso (11/27/06) urging “policy inconsistencies and perverse incentives that undermine the effectiveness of climate policy should be eliminated…” and “that scientific opinion across the world is virtually unanimous in …

Anadarko – Greenhouse Gas Emissions Reduction (2007)

November 26, 2007

WHEREAS Anadarko’s operates in four countries worldwide that have ratified the Kyoto Protocol, which obliges industrialized countries to reduce national greenhouse gas (GHG) emissions below 1990 levels by 2012, and provides financial incentives for non-industrialized participants to reduce their GHG emissions. Since Kyoto was adopted, the urgent need for action to prevent the most damaging effects of climate change has become increasingly clear. To avoid the most dangerous impacts of climate change, experts believe that we must hold CO2 emissions at or near 2004 levels for the next 50 years, but emissions are continuing to rise. British finance minister Gordon …

ConocoPhillips – Efforts to Develop Renewable Energy Sources Report (2007)

November 26, 2007

WHEREAS Due to the international requirements of the Kyoto Protocol, ConocoPhillips is facing unprecedented pressure to reduce emissions and meet clean energy demands, and growing public pressure to make significant emissions reductions. To avoid the most dangerous impacts of climate change, experts believe that we must hold CO2 emissions at or near 2004 levels for the next 50 years. Some governments are implementing ambitious reduction targets, driving the demand for renewables. For example, California and New Mexico have plans to reduce greenhouse-gas emissions from 75 to 80% by 2050; the U.K., 60% by 2050. Thirty-eight states, provinces or countries have …