March 7, 2008 - Investors have filed a record 54 global warming shareholder resolutions with U.S. companies this year - nearly double the number filed just two years ago, the Ceres investor coalition reports.

Investors appear to be targeting companies they believe are not adequately dealing with potential climate-related business impacts such as emerging climate regulations and growing global demand for low-carbon technologies and services, according to Ceres. Electric power companies, oil and coal producers, and airlines bore the brunt of climate-related shareholders during the 2008 proxy season.

"Many U.S. companies are confronting the risks and opportunities from climate change, but others are not responding adequately – and they may be compromising their long-term competitiveness as a result," says Mindy S. Lubber, president of Ceres, which helps coordinate the shareholder filings. "Investors want all companies to understand the business impacts of climate change - and plan for it accordingly."

Some resolutions are already spurring action from companies. Fourteen of the 54 resolutions were withdrawn by investors after the companies agreed to disclose potential impacts from emerging climate regulations and strategies for reducing greenhouse gas emissions.