resolutions

This week, shareholders at Citigroup, Wells Fargo, Bank of America, and Goldman Sachs voted on resolutions recommending the companies stop any additional financing for fossil fuel projects. All the resolutions failed, pretty spectacularly, garnering just over 10 percent of the vote. Despite that failure, the votes were notable examples of a strategy climate activists are implementing with increasing boldness: pressuring institutions from the inside to make meaningful reforms on climate change. It’s one that showed…