Financial Times FT.com

Climate resolutions ‘having big impact’

By Jonathan Birchall in New York

Published: August 20 2008 19:15 | Last updated: August 20 2008 22:16

A coalition of investors and environmental groups claimed on Wednesday that climate change-related shareholder resolutions filed in the US this year had achieved breakthrough results, reflecting growing investor concerns over global warming.

Of 57 resolutions filed by a range of socially concerned investors, almost half were withdrawn after companies ranging from Continental Airlines to El Paso made commitments on setting targets for reducing greenhouse gas emissions and other issues.

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