This column is for Callaway Climate Insights subscribers only, but it’s OK to share once in a while. Was it shared with you? Please subscribe.
(Mark Hulbert, an author and longtime investment columnist, is the founder of the Hulbert Financial Digest; his Hulbert Ratings audits investment newsletter returns.)
CHAPEL HILL, N.C. (Callaway Climate Insights) — It’s already difficult for investors to have any meaningful impact on the climate policies of the corporations whose shares they own, and it’s about to get even more so.
That’s because the Trump Administration is trying to emasculate a group of little-known companies called proxy advisers, which have played an outsized role in shareholder voting. Absent them, it will become even less likely than it already is that investors will be able to pass climate-friendly shareholder resolutions over corporate management’s objections.