AI Climate Vote Guide

Click here to access Majority Action's downloadable vote guide complete with detailed explanations and citations.

For US utilities on the CA 100+ target company list, a director no-vote is merited if:
• Key Indicator 1 (KI 1): The utility is building new fossil fuel generation to meet data center load growth AND
• Key Indicator 2 (KI 2): The utility is significantly delaying coal retirement beyond 2035 to meet data center demand OR
• Key Indicator 3 (KI 3): The utility's continued reliance on coal and buildout of gas-fired capacity significantly exceed its buildout of renewables. This is assessed by evaluating whether the ratio of new renewables generation (MW) to (new gas fired generation + extended coal generation) (MW) is less than 1.5

For fully integrated US oil and gas companies on the CA 100+ target company list, a director no-vote is warrented if:
• Key Indicator 1 (KI 1): The oil and gas company is building new fossil fuel generation to meet data center load growth AND
• Key Indicator 1 (KI 4): More than 50% of potential future investment on new upstream oil & gas projects are incompatible with the IEA Announced Pledges Scenario

Additionally, investors should consider how all energy companies rank on the following:
• Supplemental Indicator 1 (SI 1): Have a net-zero by 2050 ambition
• Supplemental Indicator 2 (SI 2): Have a medium-term (2029-35) emissions reduction target
• Supplemental Indicator 3 (SI 3): Commit to conducting policy engagement activities in accordance with the goals of the Paris Agreement

After flagging a company for a director no-vote, Majority Action identifies and recommends against the directors most responsible for oversight of climate risk and capital expenditure strategy.