Tesla Shareholders Vote No on Deep Sea Mining Moratorium [BNN Bloomberg (Canada)]
General Motors Company (GM)
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Source: BNN Bloomberg
Activist investors had pushed the carmaker to join other industry leaders in considering the impacts of deep sea mining at its annual shareholder meeting. As You Sow — a nonprofit promoting corporate social responsibility — filed a proposal in December asking shareholders to impose a moratorium on sourcing minerals from deep seabeds. “We are seeing Tesla, the face of the EV transition, as a laggard,” said Elizabeth Levy, the nonprofit's biodiversity program coordinator. On Thursday, 78% of Tesla shareholders voted against the proposal and 6% voted in favor, including abstentions and broker non-votes. Earlier this month, General Motors Co. investors rejected a similar proposal — also filed by As You Sow — that would have required the company to publicly disclose any use of deep sea minerals in its supply chain. The proposal was, however, supported by 12% of investors, enough for As You Sow to file it again next year. While commercial deep sea mining has not begun, the industry a
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