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Rift emerges over Exxon: Engage or divest?

2016-05-27 15:07:53| Climate Ark Climate Change & Global Warming Newsfeed

ClimateWire: Stockholders at Exxon Mobil Corp., the world's largest private-sector oil company, passed a proposal yesterday to nominate outside candidates to the board, a move that could affect the company's decisions on climate change. New York City Comptroller Scott Stringer, the fiduciary for New York city's five public pension funds, which invests about $150 billion, filed the proxy access resolution, which received 62 percent support. The nonbinding resolution is the first measure opposed by Exxon's board...

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