April 7, 2017 Read More →

California Pension Fund Pushes Kinder Morgan to Disclose Climate-Change Portfolio Risk

Law360:

The California Public Employees’ Retirement System on Thursday threw its weight behind a shareholder proposal urging Kinder Morgan Inc. to disclose the risks posed to its business by global efforts to combat climate change, a proposal opposed by the oil and gas infrastructure giant’s board of directors.

CalPERS, which says it owns approximately 4.73 million shares of Kinder Morgan stock — worth approximately $102 million, based on the company’s closing stock price on Wednesday — urged fellow investors to support a proposal at Kinder Morgan’s annual shareholders meeting.

Full filing

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