shareholder proposal · 2023
Sierra Club Foundation at Wells Fargo & Company
Adopt a policy for a time-bound phase-out of the bank's lending and underwriting to projects and companies engaging in new fossil fuel exploration and development.
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What happened
Result: 8.50 percent in favor at the April 25, 2023 annual meeting: 248,827,799 for, 2,629,078,280 against, 49,309,312 abstentions and 349,412,800 broker non-votes. It was item 9 on the ballot and was not approved. Wells Fargo reports the percentage as votes cast for the proposal against the total cast for, against and abstaining.
Who is involved
- Sierra Club Foundation filer
- Wells Fargo company
What this campaign is about
- Do not expand oil and gas drilling on federal wildlife preservation lands Pivotal · Common Ground of the American People