Word: acsr
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...ADVISORY Committee on Shareholder Responsibility took the right stand last week on Arkansas Power and Light's emission control plans for its proposed White Bluff plant. The ACSR correctly pointed out that AP&L's policy of simply staying within the relatively lax legal limits on sulfur dioxide emissions "expresses too limited a view of appropriate corporate responsibility concerning environmental protection." And in a footnote to its report on the plant, the ACSR also came out strongly in favor of the installation of special "scrubbers" on the plant's smokestacks in order to cut down on the sulfur dioxide emissions...
...official said this week that if the utility gets the kind of message from Harvard that the ACSR suggested, "It seems to me the logical position is to thank them for their consideration and say we think we're in a position to do without" the additional pollution controls...
This year the wheels seem to be better oiled, and both the advisory and Corporation committees have been moving at a much faster clip than they did last year; the ACSR has voted on 34 resolutions in four meetings, and the Corporation subcommittee voted on the first 26 of those this week...
...difference between the ACSR and the Corporation subcommittee is that the subcommittee is more conservative. It usually goes along with the ACSR's recommendations, but when it doesn't, it usually opposes resolutions the ACSR has asked it to support...
This week the subcommittee opposed a solid two-thirds of the resolutions it considered, going along with the ACSR's recommendations on 16 resolutions while taking different stances...