Are “say on climate” shareholder votes just more corporate greenwashing? ...Middle East

Glencore, the Swiss mining and commodities giant, isn’t exactly at the vanguard of corporate climate action. One of the world’s top coal miners, the company is committed (pdf) to bringing its net greenhouse gas emissions to zero by 2050. But in the meantime, it plans to expand coal mining (pdf), and not phase it out until after 2040. According to the investment research firm MSCI, the company’s overall climate plan doesn’t meet the goals of the Paris Agreement.Yet, on April 28, Glencore’s shareholders voted overwhelmingly in favor of the plan, as they did the year before.Since the beginning of 2021, at least 33 companies in the US and Europe—predominantly in high-emissions sectors like oil a

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