Published on 30 May 2023 on Benzinga via Yahoo Finance
Southern Co. Investors Support Net Zero Resolution For Utility's Natural Gas Business
Investors continue to hold corporate America accountable for doing its part to combat climate change, with 20% of Southern Co. shareholders being the latest group to vote in favor of a resolution to set a net zero target for emissions from its value chain, including the sale of natural gas.
The resolution filed by As You Sow asks Southern to take responsibility for the greenhouse gas emissions from producing natural gas and coal and the burning of gas sold to customers and purchased from the power grid. Collectively, these emissions account for about 30% of greenhouse gas emissions.