Shareholder Resolutions

In addition to dialogue, or often as a means to initiate dialogue, some social investors file shareholder resolutions with companies in an effort to push for changes in social and environmental policies or reporting. These resolutions come to a vote by all shareholders at company annual meetings. While typically shareholder resolutions on social or environmental issues do not receive majority votes, even a significant smaller vote can send a strong message to management and induce a change. At...

The Corporate Governance Connection

The raft of corporate scandals over the last few years has also turned SRI analyst attention to corporate governance reform. These analysts now see that companies must have leading corporate governance practices in order to promote better handling of important social and environmental issues. Certain structural changes are needed to promote improved performance in these areas, such as board independence, board diversity, annual election of directors, board committee oversight of governance and...

By Sheila Slocum Hollis

The world is faced with sharply conflicting philosophies and political forces affecting the development, transportation, utilization, and conservation of energy resources. This presentation encapsulates the numerous and often contradictory trends that form the matrix underpinning contemporary energy law which ultimately affects any initiatives. Following my executive service in government 22 years ago, I co-authored a book entitled Energy Decision Making1. The book was written during a period...

Chevrontexacos Process For Integrating Ghg Emissions Management Into Capital Projects Planning

Capital projects in ChevronTexaco are managed according to the five-phase ChevronTexaco Project Development and Execution Process CPDEP 1. Identify and assess opportunities 2. Generate and select alternative s 3. Develop preferred alternative s Capital project teams begin their GHG analyses in Phase 1 or early Phase 2, as soon as enough information is available to allow emissions estimates. See the GHG evaluation flowchart in Figure 1. The screening tool allows a team to quickly develop a rough...

Ccx History And Objectives

Before reviewing CCX's developments since September 2003, it is valuable to state the motivation behind the establishment of CCX. The overarching goal of CCX is to turn the theory of greenhouse gas GHG emissions reduction and trading into a reality to prove that the concept can work in practice. Nine formal objectives of CCX were articulated during the design phase Demonstrate unambiguously that a cross-section of North American companies, schools, municipalities, and other entities can reach...

By Susanne Haefeli and Einar Telnes

With the Kyoto Protocol ratification having less impact on project developers, investors, insurers, and regulators than initially intended, these parties have been put in a difficult position to decide efficient measures to tackle the global climate-change challenge. The question arises then about how to generate a liquid CO2 market with great price transparency, many actors, and low entry and exit barriers in this highly uncertain context This chapter describes the present markets and prices...

White Green and Black Certificate Trading

The Italian Stefano Alaimo, Director, Environmental Markets Department Gestore del Mercato Elettrico SpA Expanding Markets for Renewable Energy Certificates Progress and Ed Holt, President, Ed Holt amp Associates Inc. Wind Energy Promoting a Cleaner Energy Future 81 Mark M. Little, Vice President, GE Energy

Emerging Issues In Rec Markets

Clearly, the REC markets are making progress. More states are creating demand through policy mandates and through growing green power options. Important tools are being created through REC product certification to a voluntary standard and through the development of regional and state REC tracking systems. Large corporate and institutional REC buyers are entering the market, adding credibility and significant demand. Renewable energy funds are beginning to facilitate long-term revenue streams to...

Perpetual Conservation Easement

A conservation easement is a legal agreement appended to the land deed that restricts the type and amount of development that may take place on private property. The easement holder should be a stable nonprofit 501 c 3 organization with the resources to annually monitor and ensure protection of the property for the length of the easement. If the easement-holding organization goes out of business, then the terms of the easement may be violated without monitoring and oversight of the easement...

Longterm Revenue Support For Recs

Even with the many societal and environmental benefits, renewable energy development requires continuing financial support. With out long-term contracts from credit-worthy buyers, renewable energy developers have difficulty in securing financing for their projects. Where monopoly markets and regulated rates of return still exist, vertically integrated utilities are the logical long-term buyers if they are interested. In more competitive markets with attendant higher risks, it is much harder to...

Green Certificate Mechanism

The Green Certificate Mechanism introduced a market mechanism in Italy to stimulate electricity production from renewable sources, with the goal of replacing the old CIP 6 92 feed-in tariff system. For some years ahead, we will have a transition phase in which both CIP 6 92 and GC mechanisms will function side by side. Indeed, renewable plant owners had the option of applying to remain in the CIP 6 92 system and have the right to sell electricity for eight years to GRTN Gestore della Rete di...

D

Dedicated companion fund, 126 Deforestation, 159, 161 Demand-side management programs, 205 Denmark, wind energy in, 85 Developing countries as sellers of greenhouse gas credits and allowances, 6 Devon Energy, 22 Disclosure, need for, 20-21 Divestitures, GHG analysis for, 116 Domini Social Investments LLC, 21 Double-selling, 79 Dow Jones Sustainability Index, xi Dreyfus Corporation, 21 Ducks Unlimited, Inc. DU , xxii, 139, 172-74 mission of, 159 DuPont Company, ix, xvii, 3, 72-73