Massey Faces Emissions Reporting Resolution
A group of investors, including the California Public Employees Retirement System, came out in support Monday of a shareholder resolution asking coal company Massey Energy to explain its response to growing pressure for limits on carbon dioxide emissions, Forbes reports.
Massey’s board of directors, however, is urging shareholders to defeat the measure. “Carbon cannot be removed from coal and Massey cannot provide coal that does not emit carbon dioxide when it is burned,” the company said in its proxy statement sent to shareholders. “Accordingly, we are not in a position to ‘significantly reduce’ carbon dioxide from our ‘products’ as the proposal suggests.”
The move is backed by Ceres, which announced the filing earlier this year.
Energy Manager News
- Pardeeville Hikes Homeowner Costs, Offers Large Customers TOD Rates
- Mohegan Sun Pocono Casino Doesn’t Consider Cogeneration a Gamble
- Clean Power Plan: Obama’s Team Confident About Pitch to Supreme Court
- BuildingIQ Introduces Managed Services
- Solar Power Breakthrough Near?
- Battery Storage Giving Businesses a Break
- Could Ratepayers Foot the Bill for New Hampshire’s Pipelines?
- CenterPoint to Acquire Continuum’s Retail Energy Services Division