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Exxon face shareholder showdown today on climate change
2016-05-26 14:07:01| Climate Ark Climate Change & Global Warming Newsfeed
ClimateWire: For years, Exxon Mobil Corp. has held its annual meeting here in a cavernous symphony hall downtown, where shareholders today will discuss the company's future and cast their ballots on more than a dozen proposals. But while the location hasn't changed, the mood outside Exxon has shifted dramatically -- particularly on global warming. The company is grappling with low oil prices and investigations from attorneys general into allegations that it downplayed the economic threat of climate change...
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Exxon takes 'small step' on climate
2016-05-25 22:59:00| Climate Ark Climate Change & Global Warming Newsfeed
BBC: Exxon Mobil shareholders have rejected most proposals to increase reporting on climate change. But they accepted a resolution that could see a climate activist elected to the board in the future. Despite opposition from the board, just over 60% of investors backed the motion that would allow small shareholders to nominate anyone to join the board. Exxon said it would re-evaluate its policies. It was the first shareholder decision accepted by Exxon in 10 years. Strong 'yes' vote Called...
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Exxon Shareholders Disappoint Environmentalists, Vote Against Climate Change Proposals
2016-05-25 22:07:00| Climate Ark Climate Change & Global Warming Newsfeed
ThinkProgress: After a long battle to even get on the agenda for ExxonMobil`s 2016 Annual Meeting, the company`s shareholders on Wednesday voted against four initiatives to address climate change, even while the company is facing an investigation for its climate denial activities. Investors were hoping to force Exxon to add a climate expert to its board, to enact a policy to avoid 2°C warming, to increase capital distributions (with the understanding that continued investment in assets likely to be stranded...
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Exxon shareholders pass measure that may put climate expert on board
2016-05-25 21:18:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Calif. Voters at Exxon Mobil Corp's (XOM.N) annual meeting on Wednesday approved a measure to let minority shareholders nominate outsiders for seats on the board, meaning a climate activist could eventually become a director at the world's largest publicly traded oil company. The so-called proxy access measure was the first Exxon shareholder proposal since 2006 to be approved, and it was the only one of 11 proposals related to climate change to pass at meetings held on Wednesday by Exxon and fellow...
Exxon Mobil shareholders meeting was totally overrun by climate demands
2016-05-25 21:02:00| Climate Ark Climate Change & Global Warming Newsfeed
Grist: It`s impossible for fossil fuel executives to get some damn peace and quiet. At its annual shareholder meeting in Dallas, Texas, Exxon Mobil faced investors` demands that the company get serious about climate change adaptation and regulation. Since 1997, Exxon Mobil has fended off similar demands from its shareholders, but not at this scale. Wednesday`s meeting included the largest coalition of climate-activist investors yet of two-dozen large shareholders representing $8 trillion under management....
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