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Feds reject Exxon Mobil bid to block shareholder proposal
2016-03-25 07:24:04| Oil & Gas - Topix.net
The Securities and Exchange Commission has rejected Exxon Mobil's bid to block a shareholder proposal that would require it to disclose how its business will be affected by a 2-degree target limit on global warming. The SEC Office of Chief Counsel said it disagrees with the Irving, Texas-based oil company that the proposal is "so inherently vague and indefinite" that neither shareholders nor Exxon Mobil could be certain what it requires.
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N.J. AG should investigate Exxon over climate change, groups say
2016-03-25 01:35:30| Chemicals - Topix.net
TRENTON - A state lawmaker and a coalition of environmental groups are calling on New Jersey's attorney general to open a formal investigation into whether Exxon Mobil lied to the public about the risks of climate change. Sen. Ray Lesniak said Thursday that he is requesting acting Attorney General Robert Lougy join his counterparts in New York and California , where authorities are investigating the Texas oil giant over claims its public comments on climate science were contradicted by its own internal experts, who began raising the alarm decades ago.
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Feds reject Exxon Mobil bid to block shareholder proposal
2016-03-24 21:18:36| Chemicals - Topix.net
The Securities and Exchange Commission has rejected Exxon Mobil's bid to block a shareholder proposal that would require it to disclose how its business will be affected by a 2-degree target limit on global warming.
Tags: block
bid
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proposal
Feds reject Exxon Mobil bid to block shareholder proposal
2016-03-24 18:39:00| Climate Ark Climate Change & Global Warming Newsfeed
Comment: The proposal, put forward by NY state's comptroller, would force the company to account annually for risks that climate change or legislation created to control carbon pollution would post to the company. As of early afternoon trading on Wednesday, Exxon stock has remained relatively flat on the day, recently seen trading at $83.94 from an open of $83.86. The Rockefellers have chose to drop Exxon Mobil (NYSE:XOM). The fund's board said it has directed advisors to sell all holdings of ExxonMobil,...
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proposal
Feds tell Exxon Mobil to allow climate change vote
2016-03-24 16:01:00| Climate Ark Climate Change & Global Warming Newsfeed
Hill: Exxon Mobil Corp. must allow its shareholds to vote on a proposal to receive more information about climate changes impact on the oil giants business. The Securities and Exchange Commission told Exxon this week that it must include the resolution among the slate of proposals shareholders will vote on in May, Reuters reported Thursday. The proposal would have the company outline the way climate change and energy legislation impact its ability to operate profitably. "It does not appear that...
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