META PX14A6G: Smart Summary

As You Sow, Presbyterian Life & Witness, Presbyterian Church (U.S.A), A Corporation, Portico Benefit Services, and Adrian Dominican Sisters filed this exempt solicitation urging Meta Platforms Inc shareholders to vote FOR Item #9 at the May 27, 2026 annual meeting. The proposal requests Meta issue a report explaining how it will meet its climate change-related commitments on greenhouse gas emissions given the massively growing energy demand from AI and data centers. The filers argue that Meta's rapid data center expansion is directly tied to new fossil fuel infrastructure, undermining its stated net-zero commitments.

• Filer identity and address — As You Sow (11461 San Pablo Ave, Suite 400, El Cerrito, CA 94530), Presbyterian Life & Witness, Presbyterian Church (U.S.A), A Corporation, Portico Benefit Services, and Adrian Dominican Sisters (100 Witherspoon St, Louisville, KY 40202) are co-filers of this exempt solicitation.
• Meta's planned AI spending — Meta is planning to spend up to $135 billion on AI in 2026 alone.
• Scale of Meta's data center expansion — Meta's 'Hyperion' data center campus in Louisiana could use up to 5 GW of electricity at any given time, roughly equivalent to the power used by 4.2 million homes.
• Meta's historical clean energy leadership — Historically, Meta has been described as a leader in corporate clean energy procurement, but its rush to develop data centers is now directly tied to new fossil fuel infrastructure.
• Meta's net-zero commitment — Meta has a 2030 net-zero target and claims to match 100% of its electricity use with renewable energy purchases.
• Annual meeting date — Meta Platforms Inc annual meeting is scheduled for May 27, 2026.
• U.S. gas-fired capacity development — In 2025, the U.S. nearly tripled its gas-fired capacity in development; if realized, this buildout would increase U.S. gas-fired power capacity by 50%.

• Item #9 — Shareholder Proposal Regarding Report on Climate Change-Related Commitments — FOR; shareholders request Meta issue a report explaining how it will meet its climate change-related commitments on GHG emissions given the massively growing energy demand from AI and data centers it is planning to build.

• Meta faces climate-related risks from data center energy use — Meta is relying heavily on new fossil fuel infrastructure, including utility-built gas plants and on-site methane gas plants (e.g., 366 MW of modular gas units in El Paso, Texas), plus extensive backup diesel generators. Meta's total Scope 2 location-based emissions skyrocketed nearly 150% between 2019 and 2024.
• Community opposition is slowing data center development — Across the AI industry in 2025, 25 major data center developments were cancelled due to community pushback and nearly 100 more face active pushback. In Texas, El Paso City Council is intervening in a regulatory proceeding for gas plants to power Meta's data center. In Louisiana, significant community opposition targets Meta's 'Hyperion' data center, which will require power from seven new gas plants.
• Regulatory pushback raises concerns about Meta's license to operate — As of late 2025, 65 large-load tariffs have been proposed or approved across 30 states. Policymakers at city, county, or state level across 18 states have passed or introduced moratoriums on new data centers. In Indiana, where Meta broke ground on a $10 billion data center, six counties enacted moratoriums. Federal lawmakers have proposed a federal moratorium on new data centers.
• Fossil fuel reliance increases fuel cost exposure — Reliance on diesel generators and utility-supplied electricity exposes Meta to volatile fuel prices. Recent geopolitical conflicts including the war in Iran have driven oil prices above $100 per barrel, underscoring persistent volatility versus the more predictable costs of renewable energy.
• Meta's current disclosures do not show a credible pathway to net-zero — Meta's renewable energy strategy relies heavily on renewable energy certificates (RECs), which may be purchased from projects geographically distant from where electricity is consumed. A 2025 WattTime analysis found that 'the emissions avoided by [Meta's] clean energy investments were, on average, lower than the emissions induced by data center load.' Meta does not disclose the percentage of REC purchases associated with power purchase agreements (PPAs).
• Clean energy alternatives are viable and increasingly deployed — In 2025, 96% of new electric generation capacity added to the U.S. grid was from renewables and storage. Alphabet announced funding of 1,900 megawatts of new wind, solar, and energy storage to fully power a planned data center in Minnesota. Microsoft has committed to diesel-free backup generators. Alphabet has disclosed plans to flexibly operate some data centers during peak load periods.
• Meta's nuclear power plans do not resolve near-term emissions gap — Meta states it plans to integrate nuclear into its carbon-free power solutions by 2035, but this timeline does not align with its immediate power needs or its 2030 net-zero goal. High-carbon infrastructure being built now will be in operation for at least 30–40 years, and nuclear is unlikely to play a meaningful role this decade.