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Climate Change Activists Either Prod Exxon Mobil or Sell It
2016-05-25 20:52:00| Climate Ark Climate Change & Global Warming Newsfeed
New York Times: Fight or flight? Those are, in essence, the two very different approaches that the activist community is taking with Exxon Mobil these days. One group is made up of investors who want to hold on to their stakes in the company and prod the oil and gas giant, through shareholder resolutions and by applying steady pressure, to adopt new policies that reflect the realities of climate change. The other major group is campaigning to make Exxon Mobil a pariah and is urging big institutional shareholders...
A Climate Change Activist Could Be Director on Exxon Board
2016-05-25 14:31:00| Climate Ark Climate Change & Global Warming Newsfeed
Fortune: Voters at Exxon Mobils XOM 0.66% annual meeting on Wednesday approved a measure to let minority shareholders nominate outsiders for seats on the companys board, meaning a climate activist could eventually become a director at the oil giant. The so-called proxy access measure, which passed last year at fellow U.S. major Chevron CVX 1.58% , was the only one of 11 shareholder proposals related to climate change to pass at annual meetings held on Wednesday by both companies. This years meetings...
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Guardian banned Exxon AGM for lack objectivity on climate change'
2016-05-25 13:24:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Keep it in the ground, this newspaper has argued for ages on fossil fuels. Then keep out of our annual meeting, replies ExxonMobil. Or, to quote Exxons media relations manager, Alan Jeffers: We are denying your request [to attend Wednesdays meeting] because of the Guardians lack of objectivity on climate change reporting demonstrated by its partnership with anti-oil and gas activists and its campaign against companies that provide energy necessary for modern life, including newspapers. Corporate...
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lack
climate
guardian
Exxon shareholders reject climate-change resolutions
2016-05-25 12:46:00| Climate Ark Climate Change & Global Warming Newsfeed
Associated Press: Shareholders at Exxon Mobil and Chevron rejected resolutions backed by environmentalists that would have pushed the companies to take stronger stands in favor of limiting climate change. Environmentalists took solace, however, that some of their ideas gained considerable support. At Chevron Corp., a resolution asking for an annual report each year on how climate-change policies will affect the company received 41 percent of the vote. A similar resolution at Exxon got 38 percent. Also, Exxon...
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resolutions
exxon
Exxon investors seek assurance as climate shifts, along with attitudes
2016-05-24 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
New York Times: Exxon Mobil has been under pressure for over a year to explain its handling of climate change issues in the past. Now the company faces new pressure to explain its future, particularly how it will change in response to a warming world. At the companys planned annual meeting on Wednesday in Dallas, shareholders will vote on a resolution to prod Exxon Mobil to disclose the risks of climate change to its business. Such resolutions have been floated before, and they typically do not pass. But...
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