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 In recognition of Valero's progress on this Indicator, As You Sow has withdrawn its resolution.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 The United Airlines resolution has already been withdrawn by lead filer Mercy Investment Services, as the company set an enterprise-wide net-zero-by-2050 emissions goal.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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'Barbaric': Whistleblowers Further Expose Israel's Torture of Detained Palestinians
"What we know about Gaza is only tip of atrocity iceberg."
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Three Israeli whistleblowers who worked at the notorious Sde Teiman prison camp in the Negev desert offered horrifying accounts of the treatment of Palestinians held there, tellingCNN that the facility's doctors have amputated limbs due to handcuffing injuries, allowed detainees' wounds to rot, and carried out vicious beatings.
A medic who worked at Sde Teiman's field hospital said that Palestinian detainees there are stripped "of anything that resembles human beings" and that the harassment and torture are done not to "gather intelligence" but "out of revenge" for the October 7 attacks.
Israel has detained thousands of Gaza residents since October, with many of them held under a recently amended law that empowers Israeli authorities to imprison people indefinitely without charge or due process. Human rights organizations have documented Israeli forces' brutal and degrading treatment of Palestinian detainees, including women and children.
At the field hospital, CNN reported, "wounded detainees are strapped to their beds, wearing diapers and fed through straws."
One Israeli whistleblower took a photograph of a room at the facility, which the person said was filled with a "putrid stench" and the sound of "men's murmurs" as they were "forbidden from speaking to each other."
"We were told they were not allowed to move," the whistleblower said. "They should sit upright. They're not allowed to talk. Not allowed to peek under their blindfold."
CNN finally sheds light on Israel's shocking and barbaric torture chambers: thousands of people, detained for months:
Strapped down, blindfolded, held in diapers: Israeli whistleblowers detail abuse of Palestinians in shadowy detention centerhttps://t.co/XuOL4IaFQS
— Nimer Sultany (@NimerSultany) May 10, 2024
The whistleblower accounts, according to CNN, "paint a picture of a facility where doctors sometimes amputated prisoners' limbs due to injuries sustained from constant handcuffing; of medical procedures sometimes performed by underqualified medics earning it a reputation for being 'a paradise for interns'; and where the air is filled with the smell of neglected wounds left to rot."
The testimony provided to CNN is consistent with details that a doctor at the camp's field hospital included in a recent letter to top Israeli officials. The doctor described unlawful and inhumane conditions; in a single week, the person said, "two prisoners had their legs amputated due to handcuff injuries, which unfortunately is a routine event."
A report published last month by Al Mezan, a Palestinian human rights organization, also documented "harrowing accounts of torture and inhumane treatment" of people detained by the Israeli military.
"A 19-year-old detainee told an Al Mezan lawyer that he was tortured from the moment he was arrested," the group said. "He described how three of his fingernails were removed with pliers during interrogation. He also stated that investigators unleashed a dog on him and subjected him to shabeh—a form of torture which involves detainees being handcuffed and bound in stress positions for long periods—three times over three days of interrogation. He was then placed in a cell for 70 days, where he experienced starvation and extreme fatigue."
Mohammed Al-Ran, a Palestinian doctor who was arrested by Israeli forces in December, told CNN that he was "stripped down to his underwear, blindfolded and his wrists tied, then dumped in the back of a truck where... the near-naked detainees were piled on top of one another as they were shuttled to a detention camp in the middle of the desert."
Al-Ran was held by Israeli forces for 44 days. Just before his release, he told CNN, "a fellow prisoner had called out to him, his voice barely rising above a whisper."
According to CNN: "He asked the doctor to find his wife and kids in Gaza. 'He asked me to tell them that it is better for them to be martyrs,' said al-Ran. 'It is better for them to die than to be captured and held here.'"
Omar Shakir, Israel and Palestine director of Human Rights Watch, said in response to the new reporting that "what we know about Gaza is only tip of atrocity iceberg."
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Climate Movement Cheers Michigan AG's Plans to Sue Big Oil
"Pursuing this litigation will allow us to recoup our costs and hold those responsible for jeopardizing Michigan's economic future and way of life accountable," said the state attorney general
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Advocates of holding fossil fuel giants accountable for their significant contributions to the climate emergency welcomed Michigan Attorney General Dana Nessel's Thursday announcement that she intends to sue the polluting industry.
"Big Oil knew decades ago that their products would cause catastrophic climate change, but instead of doing the right thing they lied about it," declared Richard Wiles, president of the Center for Climate Integrity. "The people of Michigan deserve their day in court to make these companies pay for the massive harm they knowingly caused."
Dozens of municipalities and attorneys general for the District of Columbia and eight states—California, Connecticut, Delaware, Massachusetts, Minnesota, New Jersey, Rhode Island, and Vermont—have already filed climate liability suits against Big Oil in recent years.
"Our 'Pure Michigan' identity is under threat from the effects of climate change," said Nessel, whose state was praised last year for passing clean energy legislation. "Warmer temperatures are shrinking ski seasons in the UP and disrupting the wonderful blooms of Holland's Tulip Time Festival. Severe weather events are on the rise."
"These impacts threaten not only our way of life but also our economy and pose long-term risks to Michigan's thriving agribusiness," she continued. "The fossil fuel industry, despite knowing about these consequences, prioritized profits over people and the environment. Pursuing this litigation will allow us to recoup our costs and hold those responsible for jeopardizing Michigan's economic future and way of life accountable."
The Democratic attorney general's office explained that she is "seeking proposals from attorneys and law firms to serve as special assistant attorneys general to pursue litigation related to the climate change impacts caused by the fossil fuel industry on behalf of the state of Michigan."
The Detroit Newsnoted that "Nessel took a similar tact in suing drugmakers for the opioid crisis, farming out much of the work to outside law firms in Michigan, Texas, and Florida."
According to the newspaper:
Nessel's office is working with other state departments to assess the costs associated with climate change, such as the cost of expanding storm water systems to handle flooding caused by stronger storms, responding to natural disasters, or supporting northern Michigan tourism economies dealing with dwindling ice and snow.
"This is going to be a massive discovery effort to find out exactly what our Michigan damages are now already and what can we expect to see in the future as a result of climate change," she said.
"I don't know that there's a bigger issue facing the state of Michigan than climate change," Nessel told the outlet. "We are talking about billions and billions of dollars in damages and we're already starting to see that on a day-to-day basis. We know this is only going to get worse."
The youth-led Sunrise Movement applauded Nessel's plans and asserted that U.S. President Joe Biden—who is seeking reelection in November—and the Department of Justice "must follow suit."
The group's call echoed similar demands that emerged last week in response to the U.S. Senate Budget Committee's hearing about a three-year investigation into "Big Oil's campaign of deception and distraction."
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Critics Compare Biden's Proposed Asylum Rule to 'Failed Trump-Era Policies'
"The Biden administration and Congress must not erect any more unjust barriers to asylum that will sow further disorder and result in irreparable harm," said one migrant rights advocate.
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Immigrant rights advocates on Thursday slammed the Biden administration's proposal to fast-track the rejection of certain migrants seeking asylum in the United States.
On Thursday the U.S. Department of Homeland Security (DHS) proposed a rule that would empower immigration officials to disqualify certain asylum-seekers during their initial eligibility screening—called the credible fear interview (CFI)—using existing national security and terrorism-related criteria, or bars.
DHS said the rule would apply to noncitizens who have "engaged in certain criminal activity, persecuted others, or have been involved in terrorist activities."
"I urge President Biden to embrace our values as a nation of immigrants and use this opportunity to instead provide relief for the long-term immigrants of this nation."
Homeland Security Secretary Alejandro Mayorkas called the proposed rule "yet another step in our ongoing efforts to ensure the safety of the American public by more quickly identifying and removing those individuals who present a security risk and have no legal basis to remain here."
However, Greg Chen, senior director of government relations for the American Immigration Lawyers Association, argued that while "bars are an important feature of our immigration laws to ensure that dangerous individuals are not allowed into the country," they must be "accurately applied where warranted."
"This change could make the process faster by excluding people who would not be entitled to stay," he noted. "However, due process will likely be eroded by accelerating what is a highly complex legal analysis needed for these bars and conducting them at the preliminary CFI screening."
As Chen explained:
At that early stage, few asylum seekers will have the opportunity to seek legal counsel or time to understand the consequences of a bar being applied. Under the current process, they have more time to seek legal advice, to prepare their case, and to appeal it or seek an exemption. Ultimately to establish a fair and orderly process at the border, Congress needs to provide the Department of Homeland Security with the resources to meet its mission and also ensure the truly vulnerable are not summarily denied protection without due process.
Democratic lawmakers—some of whom held a press conference Wednesday on protecting undocumented immigrants in the U.S.—also criticized the proposal.
"As the Biden administration considers executive actions on immigration, we must not return to failed Trump-era policies aimed at banning asylum and moving us backwards," said Sen. Alex Padilla (D-Calif.), referring to former Republican President Donald Trump, the presumptive 2024 GOP nominee to face President Joe Biden in November.
"I urge President Biden to embrace our values as a nation of immigrants and use this opportunity to instead provide relief for the long-term immigrants of this nation," he added.
One year ago, critics accused Biden of "finishing Trump's job" by implementing a crackdown on asylum-seekers upon the expiration of Title 42—a provision first invoked during Trump administration at the onset of the Covid-19 pandemic and continued by Biden to expel more than 1 million migrants under the pretext of public safety.
Earlier this week, the advocacy group Human Rights First released a report detailing the harms of the policy on its anniversary. The group held a press conference to unveil the report and warn of the dangers of further anti-migrant policies.
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"The Biden administration and Congress must not erect any more unjust barriers to asylum that will sow further disorder and result in irreparable harm," Asencio added.
On Wednesday, three advocacy groups—Al Otro Lado, the Civil Rights Education and Enforcement Center, and the Texas Civil Rights Project—sued the federal government on behalf of noncitizens with disabilities seeking more information regarding CBP One, the problem-plagued Customs and Border Protection app migrants must use to schedule asylum interviews at U.S. ports of entry.
"We have and continue to see migrants with disabilities facing unlawful discrimination and unequal access to the asylum process due to the inaccessibility of the app," said Laura Murchie, an attorney with the Civil Rights and Education Enforcement Center involved in the case.
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