March, 08 2021, 11:00pm EDT
WASHINGTON
Valero has introduced a new "Energy Transition performance measure" into its incentive compensation program for executive officers, as requested in a shareholder resolution filed by investor representative As You Sow.
The first-time proposal asked the company to align its executive compensation plan with the Executive Remuneration Indicator of the new Net-Zero Company Benchmark from CA100+, which seeks details of how executive remuneration arrangements specifically incorporate climate change performance metrics. In recognition of Valero's progress on this Indicator, As You Sow has withdrawn its resolution.
"Investors welcome Valero's new policy linking executive compensation to climate-related goals," said Lila Holzman, senior energy program manager of As You Sow. "We look forward to seeing how this good governance practice helps accelerate Valero's climate progress."
The Climate Action 100+ (CA100+) initiative -- a group of more than 500 investors representing $52 trillion in assets -- released the benchmark in fall of 2020. The benchmark calls on the largest carbon emitting companies, including Valero, to produce targets and plans for reducing their full range of greenhouse gas (GHG) emissions to net zero, linking executive compensation to achievement of those targets and plans, improving climate governance, and providing specific climate related financial disclosures.
Given the urgency of the climate crisis, shareholders seek clarity on whether their companies are adopting business plans aligned with a sustainable, net-zero carbon economy, or continuing business as usual on a path toward global value destruction. By aligning with the benchmark's comprehensive indicators, companies can demonstrate whether they are taking needed actions. A public scoring of companies' disclosures against the indicators is expected to be released later this month.
"We know that compensation incentives drive outcomes," said Danielle Fugere, president of As You Sow, "so linking success in meeting climate goals to compensation awards will drive positive climate outcomes."
As You Sow and other investors have filed similar resolutions requesting alignment with one or more of the specific indicators laid out in the Net Zero Benchmark at companies including: General Electric, Caterpillar, General Motors, Twitter, and United Airlines. The United Airlines resolution has already been withdrawn by lead filer Mercy Investment Services, as the company set an enterprise-wide net-zero-by-2050 emissions goal. Other resolutions are planned to go to a vote this spring.
"It's risky for a company to refuse a request backed by $52 trillion. We hope to see the other CA100+ focus corporations respect the wishes of their largest shareholders," said Paul Rissman, Co-Founder of Rights CoLab, who advised As You Sow on their CA100+ resolutions.
To learn more about As You Sow's work on climate change, click here.
As You Sow is the nation's non-profit leader in shareholder advocacy. Founded in 1992, we harness shareholder power to create lasting change that benefits people, planet, and profit. Our mission is to promote environmental and social corporate responsibility through shareholder advocacy, coalition building, and innovative legal strategies.
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Trump Taps Anti-Trans Lawyer Harmeet Dhillon for Key Civil Rights Post
"Dhillon has focused her career on diminishing civil rights, rather than enforcing or protecting them," argued one critic.
Dec 10, 2024
LGBTQ+ and voting rights defenders were among those who sounded the alarm Tuesday over Republican President-elect Donald Trump's selection of a San Francisco attorney known for fighting against transgender rights and for leading a right-wing lawyers' group that took part in Trump's effort to overturn the 2020 presidential election to oversee the U.S. Department of Justice Civil Rights Division.
On Monday, Trump announced his nomination of Harmeet Dhillon to head the key civil rights office, claiming on his Truth Social network that the former California Republican Party vice-chair "has stood up consistently to protect our cherished Civil Liberties, including taking on Big Tech for censoring our Free Speech, representing Christians who were prevented from praying together during COVID, and suing corporations who use woke policies to discriminate against their workers."
"In her new role at the DOJ, Harmeet will be a tireless defender of our Constitutional Rights, and will enforce our Civil Rights and Election Laws FAIRLY and FIRMLY," Trump added.
However, prominent trans activist Erin Reed warned on her Substack that Dhillon's nomination—which requires Senate confirmation—"signals an alarming shift that could make life increasingly difficult for transgender people nationwide, including those who have sought refuge in blue states to escape anti-trans legislation."
Trump has picked Harmeet Dhillon as Assistant Attorney General for Civil Rights. She has stated that it must be "made unsafe" for hospitals to provide trans care, and frequently shares Libs of TikTok posts. She intends to target trans people in blue states. Subscribe to support my journalism.
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— Erin Reed (@erininthemorning.com) December 10, 2024 at 8:14 AM
Reed continued:
Dhillon's most prominent work includes founding the Center for American Liberty, a legal organization that focuses heavily on anti-transgender cases in blue states. The organization's "featured cases" section highlights several lawsuits, such as Chloe Cole's case against Kaiser Permanente; a lawsuit challenging a Colorado school's use of a transgender student's preferred name; a case against a California school district seeking to implement policies that would forcibly out transgender students; and a lawsuit against Vermont for denying a foster care license to a family unwilling to comply with nondiscrimination policies regarding transgender youth.
Reed also highlighted Dhillon's attacks on state laws protecting transgender people, as well as her expression of "extreme anti-trans views" on social media—including calling gender-affirming healthcare for trans children "child abuse."
Last year, The Guardian's Jason Wilson reported that the Center for American Liberty made a six-figure payment to a public relations firm that represented Dhillion in both "her capacity as head of her own for-profit law firm and Republican activist."
Writing for the voting rights platform Democracy Docket, Matt Cohen on Tuesday accused Dhillon of being "one of the leading legal figures working to roll back voting rights across the country."
"In the past few years, Dhillon—or an attorney from her law firm—has been involved in more than a dozen different lawsuits in Arizona, Colorado, Georgia, Maine, Michigan, North Carolina, Virginia, and Washington, D.C. challenging voting rights laws, redistricting, election processes, or Trump's efforts to appear on the ballot in the 2024 election," Cohen noted.
As Maya Wiley, president and CEO of the Leadership Conference on Civil and Human Rights, said in a statement Tuesday, "The Department of Justice's Civil Rights Division has the critical responsibility of enforcing our nation's federal civil rights laws and ensuring equal justice under the law on behalf of all of our communities."
"That means investigating police departments that have a pattern of police abuse, protecting the right to vote, and ensuring schools don't discriminate against children based on who they are," Wiley noted. "The nomination of Harmeet Dhillon to lead this critical civil rights office is yet another clear sign that this administration seeks to advance ideological viewpoints over the rights and protections that protect every person in this country."
"Dhillon has focused her career on diminishing civil rights, rather than enforcing or protecting them," she asserted. "Rather than fighting to expand voting access, she has worked to restrict it."
A staunch Trump loyalist, Dhillon has also embraced conspiracy theories including the former president's "Big Lie" that the 2020 presidential election was stolen, and has accused Democrats of "conspiring to commit the biggest election interference fraud in world history."
She was co-chair of the Republican National Lawyers Association when it launched Lawyers for Trump, a group that urged the U.S. Supreme Court to intervene on behalf of the former president after he lost the 2020 election.
Cohen also highlighted Dhillon's ties to right-wing legal activist and Federalist Society co-chair Leonard Leo, described by Sen. Sheldon Whitehouse (D-R.I.) as a "lawless con man and crook" for his refusal to comply with a Senate subpoena and his organization of lavish gifts to conservative U.S. Supreme Court justices.
"We need a leader at the Civil Rights Division who understands that civil rights protections are not partisan or political positions open to the ideological whims of those who seek to elevate a single religion or to protect political allies or particular groups over others," Wiley stressed. "We need a leader who will vigorously enforce our civil rights laws and work to protect the rights of all of our communities—including in voting, education, employment, housing, and public accommodations—without fear or favor."
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Biodiversity defenders on Tuesday welcomed a "long overdue" move by the U.S. Fish and Wildlife Service toward protecting the monarch butterfly under the Endangered Species Act—the result, the Center for Biological Diversity said, of a lawsuit filed by several groups to safeguard the pollinators and their fragile habitat.
The FWS proposed designating the butterfly as threatened with extinction, four years after monarchs were placed on a waiting list for protection.
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Monarch butterflies journey from Mexico each spring to points across the United States east of the Rocky Mountains to pollinate and reproduce. When cooler weather arrives they migrate back to the south for the winter.
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This is a breaking story… Please check back for possible updates...
A day after Luigi Mangione was arrested and charged as the alleged killer of UnitedHealthcare CEO Brian Thompson, independent journalist Ken Klippenstein on Tuesday published what he said was the 26-year-old's highly reported on manifesto.
The existence of the handwritten document found on Mangione when he was taken into custody in Pennsylvania on Monday was confirmed by the New York Police Department, and major media outlets have quoted from it, but none had released it in full.
"My queries to The New York Times, CNN, and ABC to explain their rationale for withholding the manifesto, while gladly quoting from it selectively, have not been answered," Klippenstein said on his Substack.
According to Klippenstein—who previously published dossiers on Vice President-elect JD Vance and Sen. Marco Rubio (R-Fla.), the nominee for U.S. secretary of state—Mangione's manifesto reads:
To the Feds, I'll keep this short, because I do respect what you do for our country. To save you a lengthy investigation, I state plainly that I wasn't working with anyone. This was fairly trivial: some elementary social engineering, basic CAD, a lot of patience. The spiral notebook, if present, has some straggling notes and To Do lists that illuminate the gist of it. My tech is pretty locked down because I work in engineering so probably not much info there. I do apologize for any strife of traumas but it had to be done. Frankly, these parasites simply had it coming. A reminder: the US has the #1 most expensive healthcare system in the world, yet we rank roughly #42 in life expectancy. United is the [indecipherable] largest company in the US by market cap, behind only Apple, Google, Walmart. It has grown and grown, but as our life expectancy? No the reality is, these [indecipherable] have simply gotten too powerful, and they continue to abuse our country for immense profit because the American public has allwed them to get away with it. Obviously the problem is more complex, but I do not have space, and frankly I do not pretend to be the most qualified person to lay out the full argument. But many have illuminated the corruption and greed (e.g.: Rosenthal, Moore), decades ago and the problems simply remain. It is not an issue of awareness at this point, but clearly power games at play. Evidently I am the first to face it with such brutal honesty.
Common Dreams has not independently verified its authenticity.
Klippenstein
said on social media that the manifesto he published is "the real one, not the fake one circulating online."
NBC News deputy technology editor Ben Goggin noted that language shared by Klippenstein "matches what NBC has reported here as real."
Earlier on Tuesday, Klippenstein published leaked talking points that UnitedHealthcare reportedly circulated to its employees as the insurance company faces widespread public criticism.
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