ALBANY, N.Y. (AP) — New York Comptroller Thomas DiNapoli has withdrawn a shareholder proposal at DTE Energy Co. with the utility agreeing to report more on its website about renewable sources, energy efficiency measures, reductions in greenhouse gases and discussion of costs and benefits.
The shareholder proposal on behalf of New York’s $153 billion retirement fund for public workers called for a committee of independent directors to assess the company’s environmental efforts.
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The fund has 652,561 shares of Detroit-based DTE worth almost $43 million.
DiNapoli, in concert with other shareholders, is pushing similar resolutions at the utilities Ameren, FirstEnergy and SCANA, noting all relied on coal for more than half of their electricity generation in 2010.
The $11 trillion Investor Network on Climate Risk says shifting to clean energy reduces shareholder risk.
