Shareholder Advocacy News
By Pat Zerega, Senior Director of Shareholder Advocacy, Mercy Investment Services
Investors Encourage U.S. Chamber Members to Support EPA's Clean Power Plan
The Adrian Dominican Sisters joined more than 60 investors and organizations last August in sending letters to about 60 companies that are on the board or are prominent members of the U.S. Chamber of Commerce. Since President Obama announced the Clean Power Plan in August 2015, the Chamber was reportedly taking major steps to organize broad-based strategies to block the new regulations.
The investor letter urged companies such as Chevron, ExxonMobil, Google, and Procter & Gamble to use their leverage as members of the Chamber to encourage the organization to step back from its campaign against the Environmental Protective Agency's Clean Power Plan and publicly distance their companies from the Chamber's current actions.