ATProto Browser

{
  "text": "AGM at The Southern Company (1% of votes, ~$1 billion), a very large gas and electric utility company, coming up.\nNBIM intends to vote AGAINST all shareholder proposals.\nNote that Item 6 is cast by As You Sow (ping @ketanjoshi.co on GWs of gas use), but Item 7 cast by none other than Steven Milloy!",
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        "alt": "https://www.nbim.no/no/ansvarlig-forvaltning/stemmegiving/var-stemmegivning/meeting?m=1954680\n\nForslag\tLedelsens anbefalning\tStemme\nManagement proposals\n1a\tElect Director Janaki Akella\tFor\tFor\n1b\tElect Director Shantella E. Cooper\tFor\tFor\n1c\tElect Director Anthony F. \"Tony\" Earley, Jr.\tFor\tFor\n1d\tElect Director James O. \"Jimmy\" Etheredge\tFor\tFor\n1e\tElect Director David J. Grain\tFor\tFor\n1f\tElect Director Donald M. James\tFor\tFor\n1g\tElect Director John D. Johns\tFor\tFor\n1h\tElect Director Dale E. Klein\tFor\tFor\n1i\tElect Director David E. Meador\tFor\tFor\n1j\tElect Director William G. Smith, Jr.\tFor\tFor\n1k\tElect Director Kristine L. Svinicki\tFor\tFor\n1l\tElect Director Lizanne Thomas\tFor\tFor\n1m\tElect Director Christopher C. Womack\nVote rationale: The board should exercise objective judgement on corporate affairs and be able to make decisions independently of management. The roles of chairperson and CEO should not be held by the same individual. Where a company founder combines both roles, we may support this for a limited period, provided the board has put in place measures to mitigate any conflicts of interest.\nGlobal Voting Guidelines\nDeling av rollene som styreleder og administrerende direktør\nFor\tAgainst\n2\tAdvisory Vote to Ratify Named Executive Officers' Compensation\tFor\tFor\n3\tRatify Deloitte & Touche LLP as Auditors\tFor\tFor\n4\tReduce Supermajority Vote Requirement\tFor\tFor\nShareholder proposals\n5\tAdopt Simple Majority Vote\nVote rationale: Anti-takeover measures are generally not in the interest of shareholders, and the introduction of such measures should, at a minimum, be subject to shareholder approval. We define anti-takeover measures to include any mechanism likely to deter or frustrate takeovers.\nGlobal Voting Guidelines\nAgainst\tFor\n6\tDisclose Assumptions Underlying Increased Reliance on Fossil Fuel-Based Energy Production\nVote rationale: We will not support a shareholder proposal where the company does not appear to have significant gaps in their management or reporti…",
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        "alt": "https://www.southerncompanyannualmeeting.com/media/vbshsrga/438571-1-_40_southern-company_nps_wr.pdf\nItem 6: Disclose Assumptions Underlying Continued Reliance on Fossil\nFuel-Based Energy\nAs You Sow, 2020 Milvia Street, Suite 500, Berkeley, California 94704, on behalf of the As You Sow Foundation Fund, holder of 562\nshares of Southern Company common stock, submitted the following proposal.\nWHEREAS: Southern Company, one of America's largest energy holding companies, projects a 6% annual increase in electric load\nbetween 2025 and 2028, primarily driven by manufacturing and data center expansion.1\n To meet this demand, Southern is investing\nin new methane gas capacity and possibly delaying retirement of its coal plants.2\n Southern posits that fossil fuels are required to\nmeet growing demand while maintaining reliability and affordability. However, investors will benefit from access to the basic\nassumptions underlying this conclusion to promote confidence that the Company has fully assessed the risks and benefits of new\nand continued investments in fossil fuels.\nContinued investments in fossil fuels are concerning to investors for three reasons:\n1. Fossil fuel generation, including burning of coal, puts the company at risk of overshooting its greenhouse gas reduction targets\nand further exposes the company to climate-related risks. According to the Rocky Mountain Institute’s modeling, Southern is\ncurrently the U.S. power utility most misaligned with the Paris Agreement’s 1.5o\nC decarbonization path.3\n2. If Southern does not prioritize decarbonization, some of the new load it is forecasting may not materialize. Many of Southern’s\ncustomers driving the increased energy demand, including Meta, Alphabet, Digital Realty, and Equinix, have aggressive\nrenewable energy targets and are locating data centers where their renewable energy needs can be met.4\n3. Leading energy experts are advising investors that electricity demand can be met without new fossil fuels, and that\nunderi…",
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  "createdAt": "2025-05-16T20:44:38.113Z"
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