• Companies mentioned:
  • BP, Chevron, ConocoPhillips, Enel, Engie, ENI, E.ON, Equinor, Exxon Mobil, Iberdrola, Marathon, Occidental Petroleum, Phillips 66, Repsol, Saudi Aramco, Shell, Total Energies, Valero
  • Documents:
  • Articles of Association Bylaws Proxy Statements and Votings
  • Specific Documents on Energy Transition
  • BP (2023, 2024) From IOC to IEC; Net Zero Ambition: Progress Update
  • Chevron (2023) Advancing Energy Progress: Climate Change Resilience Report
  • ConocoPhillips (2022-2023) Plan for the Net-Zero Energy Transition: Progress Report
  • Enel (2022, 2023) Zero Emission Ambition; Sustainability Report
  • Engie (2022, 2023, 2024) Integrated Reports; Climate Reports
  • ENI (2023) For A Just Transition
  • E.ON (2023) Integrated Annual Report: It´s on us
  • Equinor 2022, 2023) Energy Transition Plan; The Equinor Book; Integrated Annual Report
  • Exxon Mobil (2024) Advancing Climate Solutions
  • Iberdrola (2023) Sustainability Report; Purposes and Values of the Iberdrola Group
  • Marathon (2023) Perspectives on Climate-Relate Scenarios: Risk and Opportunities
  • Occidental (2023) Climate Report: Leading the Way in Carbon Management
  • Phillips 66 (2024) Sustainability and People Report
  • Repsol (2023, 2024) Integrated Management Report; Global Sustainability Plan
  • Saudi Aramco (2022) Investing in Growth, Innovating for Sustainability
  • Shell (2021, 2024) Energy Transition Strategy; Energy Transition Progress Report
  • Total Energies (2022, 2023) Company Strategy; Sustainability & Climate – Progress Report
  • Valero (2023) ESG Report
  • Other Papers, Reports and Books:
  • Bebchuk, L., Kastiel, K., Tallarita, R. (2021) For Whom Corporate Leaders Bargain. Southern California Law Review.
  • Bebchuk, L., Kastiel, K., Tallarita, R. (2022) Does Enlighted Shareholder Value Add Value? Harvard Law School, Discussion Paper n. 1077.
  • Bebchuk, L., Tallarita, R. (2020) The Illusory Promise of Stakeholder Governance
  • Bebchuk, L., Tallarita, R. (2022) Will Corporations Deliver Value to All Stakeholders? Harvard John M. Olin Center for Law, Economics, and Business, Discussion Paper n. 1078.
  • Condon, M. (2023) What´s Scope 3 Good For? University of California, Davis, vol 56:1921.
  • Davies, P. (2023) Shareholder Voice and Corporate Purpose: The Purposelessness of Mandatory Corporate Purpose Statements. ecgi, Law Working Paper n. 666.
  • Freshfields (2024) Trends and Updates from the 2024 Proxy Season
  • Friedman, M. (1962) Capitalism and Freedom. The University of Chicago Press.
  • Friedman, M. (1970) The Social Responsibility of Business Is to Increase Its Profits. The New York times.
  • Gatti, M., Gomtsian, S. & Romano, A. (2024) Corporate Governance for Carbon Majors. ecgi, Working Paper n. 787.
  • Gen, G. (2024) ESG, Externalities, and the Limits of the Business Judgement Rule: TEPCO Derivative Suit on Fukushima Nuclear Accident and the Expansion of Caremark. ecgi, Law Working Paper n. 780.
  • Gowan, J. (2024) To Survival Legal Challenges, SEC Must Remove Scope 3 From Sustainability Reporting Rule. Bloomberg Finance.
  • Hart, O. & Zingales, L. (2017) Companies Should Maximize Shareholder Welfare Not Market Value. Journal of Law, Finance, and Accounting, 2.
  • & Zingales, L. (2022) The New Corporate Governance. University of Chicago Business Law Review, vol 1, Issue 1.
  • Humphrey, J. et al. (2021) The Asymmetry in Responsible Investment Preferences. NBER, Working Paper 29288.
  • IEA – International Energy Association (2023a) Net Zero Roadmap – A Global Pathway to Keep the 1.5oC Goal in Reach.
  • IEA – International Energy Association (2023b) Energy Outlook 2023
  • IEA – International Energy Association (2023c) Global Energy Transitions Stocktake -https://www.iea.org/topics/global-energy-transitions-stocktake
  • IPCC – The Intergovernmental Panel on Climate Change (2018) Special Report on Global Warming of 1.5oC
  • Justia Law (1919) Dodge x Ford US Michigan Supreme Court Decisions 170 N.W. 688
  • Lan, L., Wan, W. (2024) ESG and Director´s Duties: Defining and Advancing the Interests of the Company. ecgi, Working Paper no 737.
  • Mayer, C. (2018) Prosperity: Better Business Makes the Greater Good. Oxford University Press.
  • Mayer, C. (2022) What is Wrong with Corporate Law? The Purpose of Law and the Law of Purpose. ECGI Working Paper n. 649/2022.
  • Promarket Writers (2016) Unusual Debate at Davos: Lobbying, Maximizing Shareholder Value and the Duty of CEOs. Apr 1, 2016.
  • Promarket (2020) Milton Friedman 50 Years Latter. Stilger Center at the University of Chicago Booth School of Business.
  • Rajan, R., Ramella, P., Zingales, L. (2023) What Purpose Do Corporations Purport? Evidence From Letters to Shareholders. NBER, Working Paper 31054.
  • Roe, M. (2021) Dodge x Ford: What Happened and Why? ecgi, Law Working Paper n. 619
  • Royal Courts of Justice of England and Wales – RCJEW (2023) ClientEarth x Shell. Case no: BL-2023-000215
  • Smil, V. (2024) Halfway Between Kyoto and 2050: Zero Carbon is a Highly Unlikely Outcome
  • WRI & WBCSD – World Resources Institute and World Business Council for Sustainable Development (2001) Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard
  • U.S. Department of Labor (2022) US Department of Labor Announces Final Rule to Remove Barriers to Considering Environmental, Social, and Governance Factors in Plan Investments – https://www.dol.gov/newsroom/releases/ebsa/ebsa20221122
  • U.S. Supreme Court (2014) Fifth Third Bancorp x Dudenhoeffer, 573 US 409.