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Chevron under siege at shareholder meeting in San Ramon

SAN RAMON -- Activists besieged Chevron at its shareholders meeting here Wednesday, in a gathering punctuated by shouts from attendees, warnings the event would be terminated early and interventions by security guards.

The acrimony at the annual meeting nearly obscured the company's discussion of a performance in 2010 that produced a gusher of profits and a jump in the oil giant's stock price.

"We had a tremendous year," Chevron's chief executive officer, John Watson, told the shareholders.

Silicon Valley Mercury News
Wednesday, May 25, 2011

Advocates Unfurl 50-foot Banner Message to Chevron on Richmond Bridge

Release Date: 
Monday, May 23, 2011

CONTACTS
Nell Greenberg, Rainforest Action Network, 510.847.9777
Ginger Cassady, Rainforest Action Network, 415.640.7155

Live interviews with climbers available
Hi-res photos will be at www.ran.org/chevronguilty
B-roll will be at www.ran.org/chevronguiltybroll
Follow live at @ranactions

Top Twelve American Banks, Coal and Oil Companies Paid Less Taxes Than You

Yesterday, along with hundreds of millions of Americans, you likely settled up your taxes formally with the IRS. Incredibly, most of the biggest and most profitable finance and energy companies in the country are paying far less than their fair share. Last, month, Alex wrote about the most startling—and highest profile—incident involving GE, the country's largest corporation.

Good
Tuesday, April 19, 2011

State Line Power Station, A Dirty and Dangerous Relic, Will Soon Shut Down

The US may lack a comprehensive climate and energy strategy to mitigate coal use and ramp up the use of renewable energy, but it does have the EPA and father time combining to put pressure on utilities to close down aging coal fired power plants now. The cost of a retrofit required by new national standards for nitrogen oxide and mercury emissions have influenced Virginia-based Dominion Resources to close the State Line Power Station, a plant first constructed in the 1920s.

Treehugger
Saturday, May 7, 2011

RBS faces AGM protests over tar sands cash

Royal Bank of Scotland faces protests from native tribespeople today over its backing for the controversial extraction of oil from tar sands in Canada.

The Independent
Tuesday, April 19, 2011

Chevron Fined $9.5 Billion in Ecuador

An Ecuadorean judge ruled Monday in an epic environmental case that Chevron Corp. was responsible for oil drilling contamination in a wide swath of Ecuador's northern jungle and ordered the oil giant to pay $9.5 billion in damages and cleanup costs.

The amount — $8.6 billion plus a legally mandated 10 percent reparations fee — was far below the $27.3 billion award recommended by a court-appointed expert but appeared to be the highest damage award ever issued in an environmental lawsuit.

Associated Press
Monday, February 14, 2011

Rainforest Action Network Statement on Bank of America's New Emissions Commitment

Release Date: 
Wednesday, May 18, 2011

SAN FRANCISCO (May 18, 2011)—Today, Bank of America announced a new greenhouse gas emissions reduction commitment covering its ‘operational’ emissions coming from the company’s  global facilities. The announcement can be found here: http://mediaroom.bankofamerica.com/phoenix.zhtml?c=234503&p=irol-newsArticle&ID=1565219&highlight.

Four Arrested at Disney’s Burbank Headquarters in Dramatic Protest Over Rainforest Destruction

Release Date: 
Wednesday, May 18, 2011

For hi-res photos of the protest and arrest, visit ran.org/disneyphotos.

Report Finds Chevron Downplaying Shareholder Risk and Liability from $18 Billion Ecuador Judgment

Release Date: 
Wednesday, May 11, 2011

SAN FRANCISCO— Two weeks before Chevron’s (NYSE: CVX) Annual General Shareholders meeting, a report released today, An Analysis of the Financial and Operational Risks to Chevron Corporation from Aguinda v. ChevronTexaco, finds that Chevron’s multi-billion liability in Ecuador poses serious financial and operational risk to the company and its shareholders. The report finds that Chevron's strategy in the Ecuador litigation could depress stock price, and increase enforcement and raise costs for oil companies.

Community Calls for Shutdown of Chicago’s Crawford Coal Plant

Release Date: 
Wednesday, April 20, 2011

Little Village, Chicago—At 10:00am today, six activists with the Little Village Environmental Justice Organization (LVEJO), Rising Tide North America, Rainforest Action Network (RAN) and the Backbone Campaign climbed the fence to Midwest Generation’s controversial Crawford coal plant in Little Village. The activists unfurled a 7’ x 30’ banner atop a 20-foot tall sprawling coal pile that feeds the power plant, which reads: “Close Chicago’s Toxic Coal Plants.”