Shareholder Resolution Up for Vote at ONEOK Annual Meeting May 15, 2008
What on Earth can ONEOK do to reduce greenhouse gas emissions?
Message to ONEOK Shareholders
As a significant long-term shareholder we are very concerned that ONEOK may not be addressing
the risks and opportunities associated with climate change. We seek your support on Shareholder
Proposal 8 requesting that the ONEOK board of directors prepare a report concerning the feasibility
of adopting quantitative goals for reducing total greenhouse gas emissions.
Join with us and make your voice heard, vote for Proposal 8. Protecting the natural environment
means protecting the bottom line.
Greenhouse Gaffes
It’s time for ONEOK management to become more environmentally responsible.
Utility companies lead all sectors in the production of greenhouse gas emissions and account for
25 percent of total greenhouse gases worldwide. Greenhouse gas emissions are an area of concern
for utility companies like ONEOK.
ONEOK is among the largest natural gas distributors in the United States, serving more than 2
million customers in Oklahoma, Kansas and Texas.
The Electric Utilities
Report published in 2007 found that the true value of utilities was significantly less once the
environmental costs were incorporated into the valuation analysis.
It is important to investors that utilities disclose the emissions data so that investors can assess
these companies value and the risk associated with these emissions.
Changing the climate within ONEOK can change the climate around the world.
'Green' Opportunities
CalSTRS provides leadership in the effort to mitigate the risks posed by global warming. In 2007,
CalSTRS formed the Green Initiative Task
Force to coordinate the efforts of the CalSTRS “Green Wave,” while also improving the long-term
financial returns of the portfolio.
Vote for Proposal 8 on the ONEOK Proxy.
Important Links in ONEOK Proposal Effort
CalSTRS is urging other ONEOK shareholders to vote for its Proposal 8.
Resources include:
News Releases:
Proxy Advisor Analysis Reports:
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