ValueAct announced their stake in power producer AES in January 2018. Along with the equity holdings the Jeffrey Ubben will take a board seat and serve on the board’s finance and compensation committees. Ubben has made environmental, social and governance issues a priority for the long-term focused activist fund. AES’s power production still uses a lot of coal, 37%. Its going to be a long process to get green given the firm’s goal is to get to 33% by 2020. If it takes 2 years to shave off 4% then maybe they can get clean by 2035. ValueAct may be a long-term investor but AES should expect a little pressure to speed things up.