In the last proxy season, the 35 most prominent shareholder activists, who together manage more than $500 billion in assets, filed resolutions with nine oil and gas companies pressing them to disclose their plans for managing the risks of gas hydraulic fracturing -- or “fracking”-- which is increasingly common.
On average, 40% of shareholders supported resolutions about natural gas fracturing, up from 30% last year. Investors withdrew resolutions at Anadarko Petroleum, Cabot Oil & Gas, El Paso Corporation and Southwestern Energy when the companies agreed on more disclosure.
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