logo
logo

ExxonMobil: Climate Change Is Real, But ¯\_(ツ)_/¯

avatar
James Mccullough
img

The one proposal that passed, at 62 percent of the vote, allows shareholders who hold 3 percent or more of the company s shares for more than three years to nominate up to a quarter of the board s directors every year.

Other proposals included calls for more transparency on Exxon s hydraulic fracturing activities, lobbying, diversity and makeup of the board, and its plans to adapt to a renewable energy economy.

The shareholder resolutions came from the New York City s comptroller s office, religious groups, and investing firms demanding the company prepare for a future of climate change regulations.

Exxon Mobil has a chance to restore the public s trust, it s a time for conversion.

Many of the world s largest investors are voting against the Exxon management today, said Edward Mason, head of responsible investing for the Church of England.

For many years now, ExxonMobil has held the view that the risks of climate change are serious, and do warrant thoughtful action, said Exxon CEO and chair Rex Tillerson during the shareholder s call Wednesday morning.

collect
0
avatar
James Mccullough
guide
Zupyak is a free content platform for publishing and discovering stories, software and startups.