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RI treasurer to ask energy companies to disclose lobbying

November 28, 2016

PROVIDENCE, R.I. (AP) — Rhode Island’s treasurer is asking energy companies to disclose their lobbying activities.

Treasurer Seth Magaziner said Monday that the state’s pension fund will join shareholders of ConocoPhillips, Exxon Mobil, Chevron and Devon Energy in co-filing a proposal to require the corporations to make those disclosures.

Magaziner says he’s concerned investors’ dollars are used to block policies to protect coastal areas, including Rhode Island, from the threat of climate change.

Under the proposal, companies would report their lobbying policies and procedures, including payments.

Chevron says it hasn’t received the proposal. Devon says it already provides extensive disclosures regarding its lobbying.

Exxon Mobil says a response to any shareholder proposal would be included in its proxy statement, filed next year.

ConocoPhillips says it follows applicable lobbying laws and has a high ethics and compliance standard.

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