Kinder Morgan shareholders vote for more sustainability disclosure
Published by Elizabeth Corner,
Senior Editor
World Pipelines,
At Kinder Morgan’s Annual General Meeting of shareholders, over 50% of shareholders voted for the resolution filed on behalf of the New York State Common Retirement Fund calling for greater sustainability disclosure.
The resolution, presented by Chief Judy Wilson, Neskonlith Indian Band (Secwepemc Nation) argued that environmental, social and governance (ESG) issues can pose significant risks to business, and without proper disclosure, stakeholders and analysts cannot ascertain whether the company is managing its ESG exposure.
The resolution points out that opposition to Kinder Morgan’s Trans-Mountain Pipeline from Canadian and Indigenous and community groups has already delayed Kinder Morgan’s operations to 2019.
Today’s vote exceeds last year’s 34.1% support in part because the resolution was backed by the US$457 billion California Public Employees Retirement System, and Norway’s US$1.3 trillion Government Pension Fund Global.
Read the article online at: https://www.worldpipelines.com/business-news/10052018/kinder-morgan-shareholders-vote-for-more-sustainability-disclosure/
You might also like
World Pipelines Podcast: Going global with IPLOCA
In this episode, Elizabeth Corner speaks to Georges Hage, Executive Secretary at IPLOCA, about IPLOCA's insights on the culture and characteristics of the pipeline contractor community, and how it works to support sustainable energy infrastructure.
ROSEN Group publishes Sustainability Report
The ROSEN Group publishes its first Sustainability Report, for the 2024 fiscal year.
