{"id":329477,"date":"2024-05-20T08:58:16","date_gmt":"2024-05-20T06:58:16","guid":{"rendered":"https:\/\/climatescience.press\/?p=329477"},"modified":"2024-05-20T08:58:18","modified_gmt":"2024-05-20T06:58:18","slug":"state-streets-ceo-says-company-backs-all-forms-of-energy-at-shareholder-meeting","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=329477","title":{"rendered":"State Street\u2019s CEO says company backs \u201call forms of energy\u201d at shareholder meeting"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"723\" height=\"514\" data-attachment-id=\"329479\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=329479\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/05\/0State-street-bank-building.png?fit=1625%2C1155&amp;ssl=1\" data-orig-size=\"1625,1155\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"0State-street-bank-building\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/05\/0State-street-bank-building.png?fit=723%2C514&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/05\/0State-street-bank-building.png?resize=723%2C514&#038;ssl=1\" alt=\"\" class=\"wp-image-329479\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/05\/0State-street-bank-building.png?resize=1024%2C728&amp;ssl=1 1024w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/05\/0State-street-bank-building.png?resize=300%2C213&amp;ssl=1 300w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/05\/0State-street-bank-building.png?resize=768%2C546&amp;ssl=1 768w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/05\/0State-street-bank-building.png?resize=1536%2C1092&amp;ssl=1 1536w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/05\/0State-street-bank-building.png?resize=1200%2C853&amp;ssl=1 1200w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/05\/0State-street-bank-building.png?w=1625&amp;ssl=1 1625w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/05\/0State-street-bank-building.png?w=1446&amp;ssl=1 1446w\" sizes=\"auto, (max-width: 723px) 100vw, 723px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">From <a href=\"https:\/\/www.cfact.org\/2024\/05\/17\/state-streets-ceo-says-company-backs-all-forms-of-energy-at-shareholder-meeting\/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=state-streets-ceo-says-company-backs-all-forms-of-energy-at-shareholder-meeting&amp;utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=state-streets-ceo-says-company-backs-all-forms-of-energy-at-shareholder-meeting\">CFACT<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On Wednesday, CFACT\u2019s Greg Neff was present to directly question State Street\u2019s Board of Directors about their openness to start financing more fossil fuel projects during the company\u2019s annual shareholder meeting. He was pleased to get an answer from none other than the company\u2019s chief CEO himself, Ronald O\u2019Hanley.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Neff, the first questioner of the day, asked, \u201cIn the opinion of many shareholders, State Street was wise to jump on the bandwagon to pull out of Climate Action 100+. Can we now expect to see the company also start backing more viable energy sources like oil, gas and nuclear as opposed to costly and unreliable solar and wind?\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">State Street\u2019s CEO O\u2019Hanley responded, \u201cState Street\u2019s position on energy is that we act in the long-term value of our investors. Our stewardship activities, where we choose to vote, are based on the investment desires of our clients and what we, along with them, determine are in their best interests. In the case of energy, we are a huge investor in all forms of energy. Our investment in energy really reflects the percentage that energy constitutes of the market capitalization overall. And I think you will find we are a broad-based investor in all forms of energy.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">State Street has long been associated with aggressively promoting \u201cEnvironmental, Social, and Government\u201d criteria through its investment strategies. It has taken criticism for its activism from GOP lawmakers and Free Market think tanks like CFACT for its promotion of woke issues and climate alarmism in recent years and has slowly backpedaled. In February, State Street, along with JP Morgan and BlackRock, pulled out of Climate Action 100+, an organization formed to pressure companies into reducing their greenhouse gas emissions along the lines of the Paris Accord.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">After the meeting concluded, Neff delivered this optimistic assessment of the company\u2019s direction: \u201cWhile it would be ideal for the company to not throw resources into markets that can only be viable so long as they receive government subsidies, it does appear that this S&amp;P 500 company is starting to understand that kowtowing to the radical green agenda is not a good business decision. Hopefully they will back more stable forms of energy in the near future. We\u2019ll see!\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">CFACT has many more meetings of publicly traded companies they will be attending in the coming weeks and will be reporting the results here.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Wednesday, CFACT\u2019s Greg Neff was present to directly question State Street\u2019s Board of Directors about their openness to start financing more fossil fuel projects during the company\u2019s annual shareholder meeting. He was pleased to get an answer from none other than the company\u2019s chief CEO himself, Ronald O\u2019Hanley.<\/p>\n","protected":false},"author":121246920,"featured_media":329479,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691828687,691819146,691827134,691818124,691828688],"class_list":{"0":"post-329477","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-all-forms-of-energy","9":"tag-blackrock","10":"tag-climate-action-100","11":"tag-jp-morgan","12":"tag-state-streets-board-of-directors","14":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/05\/0State-street-bank-building.png?fit=1625%2C1155&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1nI9","jetpack-related-posts":[{"id":330567,"url":"https:\/\/climatescience.press\/?p=330567","url_meta":{"origin":329477,"position":0},"title":"CFACT squares off with JP Morgan CEO at shareholder meeting","author":"uwe.roland.gross","date":"30\/05\/2024","format":false,"excerpt":"CFACT\u2019s Greg Neff directed a pointed question to CEO Jamie Dimon at a shareholder meeting on Thursday, May 23, taking aim at JP Morgan\u2019s involvement with the \u201cNet-Zero Banking Alliance\u201d (NZBA). NZBA is a network that represents 40% of the global banking institutions that have come together to commit to\u2026","rel":"","context":"In \"CFACT\"","block_context":{"text":"CFACT","link":"https:\/\/climatescience.press\/?tag=cfact"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/05\/0JP-Morgan-Q3-FY20-Earnings-Call-2048x1152-1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/05\/0JP-Morgan-Q3-FY20-Earnings-Call-2048x1152-1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/05\/0JP-Morgan-Q3-FY20-Earnings-Call-2048x1152-1.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/05\/0JP-Morgan-Q3-FY20-Earnings-Call-2048x1152-1.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/05\/0JP-Morgan-Q3-FY20-Earnings-Call-2048x1152-1.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":256029,"url":"https:\/\/climatescience.press\/?p=256029","url_meta":{"origin":329477,"position":1},"title":"CFACT challenges ESG at BOA, CitiGroup shareholder meetings","author":"uwe.roland.gross","date":"05\/05\/2023","format":false,"excerpt":"As part of its Shareholder Accountability Project, CFACT attended the shareholder meetings of Bank of America and CitiGroup to act as a watchdog on the two large banking corporations.","rel":"","context":"In \"Bank of America\"","block_context":{"text":"Bank of America","link":"https:\/\/climatescience.press\/?tag=bank-of-america"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/00iStock-1306922625-ESG-1536x922-1.jpg?fit=1200%2C720&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/00iStock-1306922625-ESG-1536x922-1.jpg?fit=1200%2C720&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/00iStock-1306922625-ESG-1536x922-1.jpg?fit=1200%2C720&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/00iStock-1306922625-ESG-1536x922-1.jpg?fit=1200%2C720&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/05\/00iStock-1306922625-ESG-1536x922-1.jpg?fit=1200%2C720&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":258393,"url":"https:\/\/climatescience.press\/?p=258393","url_meta":{"origin":329477,"position":2},"title":"Rucker confronts JP Morgan CEO with energy reality during shareholder meeting","author":"uwe.roland.gross","date":"21\/05\/2023","format":false,"excerpt":"The issues of climate change and net zero served as the business du jour at the JP Morgan annual shareholder meeting on Tuesday. 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CFACT, which owns shares in the company, participated to ensure there was at least some pushback against this board\u2019s radical green agenda \u2013 a topic that actually wound up dominating the\u2026","rel":"","context":"In \"$1 Trillion Sustainable Finance Goal\"","block_context":{"text":"$1 Trillion Sustainable Finance Goal","link":"https:\/\/climatescience.press\/?tag=1-trillion-sustainable-finance-goal"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/05\/0Citi-tower-London.jpg?fit=1200%2C623&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/05\/0Citi-tower-London.jpg?fit=1200%2C623&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/05\/0Citi-tower-London.jpg?fit=1200%2C623&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/05\/0Citi-tower-London.jpg?fit=1200%2C623&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/05\/0Citi-tower-London.jpg?fit=1200%2C623&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":201550,"url":"https:\/\/climatescience.press\/?p=201550","url_meta":{"origin":329477,"position":5},"title":"CFACT confronts energy hypocrisy at JPMorgan Chase shareholder meeting","author":"uwe.roland.gross","date":"26\/05\/2022","format":false,"excerpt":"New York, USA - May 26, 2018: JPMorgan Chase & Co office at the Park Ave in New York, NY. As part of its ongoing mission to confront and expose leftist agendas in the corporate world, CFACT attended the virtual JPMorgan Chase & Co. annual shareholder meeting. Several heated issues\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/05\/00JP-Morgan-Chase.jpg?fit=841%2C569&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/05\/00JP-Morgan-Chase.jpg?fit=841%2C569&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/05\/00JP-Morgan-Chase.jpg?fit=841%2C569&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/05\/00JP-Morgan-Chase.jpg?fit=841%2C569&ssl=1&resize=700%2C400 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/329477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/users\/121246920"}],"replies":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=329477"}],"version-history":[{"count":3,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/329477\/revisions"}],"predecessor-version":[{"id":329481,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/329477\/revisions\/329481"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/media\/329479"}],"wp:attachment":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=329477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=329477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=329477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}