Chevron Shareholders Want Action on Climate Change

With Chevron (NYSE: CVX) set to host its annual meeting on May 27, shareholders are pushing for the company to report on how the company's chemical segment is contributing to climate change. Investors who prioritize social responsibility may not like Chevron's response.

This year, thanks to the Covid-19 pandemic, Chevron's annual meeting will be held by phone. The company will be talking about its financial position and growth strategies, and calling for shareholder votes on various management issues and proposals from those same shareholders.

One proposal asks the company to report on the effects its chemical division, CPChem, has on climate change. The proposal requests that Chevron assess and report how its growth strategy will impact areas prone to natural disasters, and especially how CPChem's operations may affect public health.

Source Fool.com