2022 AGM Season - Oil & Gas
We filed a shareholder proposal with Enbridge asking the company to turn its net zero policy into a science-based net zero policy by addressing such things as absolute targets and CapEx alignment. These are the kinds of things that earn Enbridge a low rating from CA100+.
Here is the investor memo we released on the proposal.
The vote received 21.84% support, with a further 3.67% abstentions. Unfortunately, Enbridge did not take the vote as an indicator to strengthen its net zero work and is therefore an ongoing target for engagement.