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SPOTLIGHT

1. HYDRAULIC FRACTURING

Investors push guidelines on fracking in bid to reduce financial risks

Reform-minded investors believe they have a "good cop, bad cop" strategy that is slowly accomplishing their goals at major oil and gas companies. On one hand, activist investors are engaging companies on hydraulic fracturing, attempting to help them stay ahead of regulation and public concerns. On the other hand, they are pushing for change through an annual process that lets shareholders propose how the company should be run -- and puts some of these proposals to a shareholder vote.

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