“The Securities and Exchange Commission (SEC) is considering rule changes that could undermine investors’ ability to push for better environmental performance at publicly traded companies by creating new restrictions on who is eligible to file shareholder proposals and how much support they need to make it onto the proxy statement.

A network of corporate oil and gas interests appears to be behind the new proposals, partly by manipulative means, according to an extensive Bloomberg investigation.”

[COMMENTARY]It seems another step by established fossil fuel groups to contain criticism of their businesses.
Proposed SEC rule changes could impede investor activism, by Sara E. Murphy, January 7, 2020, GreenBiz, USA.