NewEnergyNews More: Exxon Stockholders Rebel, Demand Climate Truth

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  • Monday, June 12, 2017

    Exxon Stockholders Rebel, Demand Climate Truth

    Exxon shareholders order climate study — against company’s wishes

    Collin Eaton, May 31, 2017 (SFGate)

    “Exxon Mobil investors passed a resolution on Wednesday asking the company to publish an annual report on the impact of climate change policies on the value of its sprawling oil and gas operations…At the oil company’s annual meeting in Dallas, 62.3 percent of shareholders voted in favor of the non-binding proposal; 37.7 percent voted against it…It’s a historic vote for investors who have failed to pass the vast majority of climate-related shareholder resolutions put forward in recent years…[73% of Chevron shareholders recently rejected a proposal to require a study of] how to transition to a low-carbon future…Exxon opposed the resolution [calling for an analysis of scenarios in which global climate change policies, including the Paris climate accords, cause energy demand to fall]…” click here for more

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