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Posted Sat Feb 21 2009: from San Francisco Chronicle:
Investors put Chevron on 'climate watch'
A group of activist investors, including the giant California State Teachers' Retirement System, on Wednesday placed Chevron Corp. and eight other companies on a "climate watch list" of corporations that aren't adequately addressing global warming. The investors want the companies to pay more attention to how their operations are affecting, and will be affected by, climate change. The investors placed San Ramon's Chevron on the list because of its investments in Canadian oil sands. Squeezing petroleum from the sand releases more greenhouse gas emissions than ordinary oil production does. A Chevron spokesman on Wednesday did not address the sand issue but noted that Chevron has its own climate change action plan and has a subsidiary that promotes energy efficiency and renewable power.
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