MARATHON PETROLEUM CORPORATION | Director votes - climate oversight at MARATHON PETROLEUM CORPORATION

Status
Voted
AGM date
Previous AGM date
Proposal number
1
Resolution details
Company ticker
MPC
Submitted by
-
Resolution ask
Strengthen board oversight of issue
ESG theme
  • Environment
ESG sub-theme
  • Net Zero / Paris aligned
Type of vote
Director vote
Filer type
Management
Company sector
Energy
Company HQ country
United States
Whereas clause
Majority Action is recommending investors to vote against directors at Marathon Petroleum Corp [NYSE: MPC] due to the company’s FAILURE to:

● Commit to reducing its greenhouse gas (GHG) emissions to net zero by 2050,
● Align its capital allocation with limiting warming to 1.5°C, and
● Make a specific commitment to conduct all of its lobbying in line with the goals of the Paris Agreement, and its general opposition to U.S. federal and state climate policy;


Vote AGAINST:

● John P. Surma, Chairman of the Board (Item 1b),
● J. Michael Stice, Vice Chair, Corporate Governance Committee and Member, Sustainability and Public Policy Committee (Item 1a),
● Susan Tomasky, Member, Sustainability and Public Policy Committee (Item 1c), and
● Toni Townes-Whitley (Item 1d).
Supporting statement
Majority Action is recommending investors to vote against directors responsible for climate oversight, including board leadership, for failure to set adequate net zero targets reducing greenhouse gas emissions, fully realign investment plans to limit warming to 1.5°C, and/or ensure alignment of policy influence activities with 1.5°C pathways.

For more details, acess: https://www.proxyvoting.majorityaction.us/

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