Nearly a fifth of shareholders in a California construction company are concerned about a proposed limestone quarry in Parleys Canyon.
At their annual shareholder meeting on June 5, 18% of Granite Construction shareholders voted in favor of a proposal asserting that the company’s decision to pursue a mine in Parleys Canyon does not align with the company’s environmental and community engagement standards.
“The recent vote by Granite Construction’s shareholders shows what Utahns know — the company isn’t upholding its own commitments to protect air, water and the environment,” said Spencer Shaver, executive director of local nonprofit Save Our Canyons.
The proposal’s failure to garner a majority doesn’t spell the end for Granite shareholder advocacy efforts, said Danielle Fugere, president and chief counsel of As You Sow, a shareholder advocacy nonprofit that filed the proposal. Fugere reported that the nonprofit will continue to monitor the company and the quarry.
Since January 2022, Granite Construction has been working …