The majority of Canadian National Railway shareholders—92.1 per cent—voted in favour of a resolution from management proposing the company disclose carbon emissions and set a climate impact plan, voting results from the company’s annual general meeting show. (The Logic)

Talking point: The resolution was a response to the Say on Climate campaign lodged by British hedge-fund billionaire Christopher Hohn and his firm The Children’s Investment Fund Management (TCI), one of CN’s largest shareholders. The campaign also targeted TCI portfolio firm CP (among others), whose shareholders voted to support a similar resolution. Boards and executives have traditionally made strong attempts to quell this kind of shareholder activism. But as climate change quickly becomes a top concern for investors, that may be changing. “ESG … hit the crossroads of becoming overwhelmingly large in the last year, and railroads are really trying to show that they’re on the right side of history with this,” transportation analyst Anthony Hatch told The Logic.