Alec Baldwin will address Chevron shareholders during the company's 2025 annual meeting on May 28, 2025. The actor will deliver a short speech to move shareholder proposal #7, which asks the Board to lower the threshold required to call a "special meeting" of shareholders, from 15% down to 10%.
This common-sense governance reform would make it easier for shareholders to hold Chevron's management accountable on issues it currently seeks to avoid – including a $9.5 billion judgement for massive oil pollution in Ecuador's Amazon rainforest, and the Company's relentless campaign against Steven Donziger, the indigenous community's environmental & human rights attorney.
READ the full text of the shareholder proposal at: https://newground.net/blog/shareholders-to-chevron-lower-special-meeting-threshold
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FULL TRANSCRIPT OF BALDWIN'S SPEECH
Thank you and good morning. My name is Alec Baldwin, and I speak on behalf of Newground Social Investment to move Proposal #7 – which requests a 10% special meeting threshold.
This proposal seeks to strengthen oversight in the face of mounting governance failures. Chevron has exposed shareholders to escalating legal, reputational, and financial risk worldwide – most notably in its decades-long “handling” of a pollution catastrophe in Ecuador.
Rather than properly address a $9.5 billion Constitutional Court judgment, Chevron has used shareholder dollars in a relentless campaign against Ecuador’s indigenous communities and their attorney, Steven Donziger – a campaign that is now considered a global symbol of corporate bullying.
Let us be clear:
Chevron’s key legal witness, Alberto Guerra, has admitted under oath that he lied in court, was coached over 50 times by Chevron law firm Gibson Dunn, and was paid nearly half a million dollars for giving false testimony.
Congress sent a formal letter to the White House that raised serious concerns about Chevron’s harassing litigation, and urged exoneration for attorney Donziger.
CEO & Board Chair Michael Wirth has refused to answer questions about how much shareholder money Chevron has spent on this harassment campaign.
Ecuador is not an isolated governance failure. There are other lapses which demonstrate systemic accountability failures at Chevron’s highest levels.
A 10% special meeting threshold is a reasonable standard among the S&P 500 and acts as a type of safety valve for when a board does not address repeated lapses.
For these reasons, please vote FOR Proposal #7. Thank you.
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LEARN MORE at https://www.newground.net
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