Climate Change Shareholder Resolution Wins Majority at Idacorp

In a precedent setting victory, a shareholder resolution filed by Trillium Asset Management Corporation (“Trillium”), As You Sow, and Calvert that asked Idaho Power to establish greenhouse gas emissions reduction targets received 52% of the vote.  This is the first time a climate change resolution has received a majority vote — the first majority vote recorded for a climate change shareholder proposal.  In response to the vote, Idaho Power CEO LaMont Keen said that the company took this message seriously, and would work to meet the resolution’s request for a report by September 30th. 

The resolution received the endorsement of the Idaho Statesman.  Newspaper endorsements of shareholder resolutions are quite rare.

Read the full press release here.  

Read an Idaho Statesman op-ed about the resolution by Trillium Assistant Portfolio Manager Lauren McLean here.