Fracking and finance: can investor-activism reshape energy g

Presented by CIPS and IPEN
Thursday, 18 January 2018 - 12:00 pm to 1:30 pm
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Abstract: Shareholder resolutions—usually non-binding requests to corporations for changes to environmental, social, and governance practices—have taken on new significance as financial actors gain increased power in commodity chains. With a focus on shareholder resolutions on hydraulic fracturing in the US, I argue that these investor actions are part of a suite of coordinated and adaptive activist strategies to shape environmental governance from within. However, their power is constrained by the same political economy factors that enable shareholders to take collective action: the distance between individual investors and financial decisions; the structure of resolutions and managerial responses; and the complexity of investment vehicles and vote shares. This work joins an emerging body of research on investor-led governance and social movements, revealing the opportunities and limits of financial actors in shaping both corporate behaviour and energy systems.