New Shareholder Resolution Incentivizing Big Oil's Transition to Clean Energy, Wins at SEC

In a key win, the Oakland-based nonprofit advocacy group, As You Sow defeated ExxonMobil's attempt to suppress an innovative, first of its kind shareholder resolution. The resolution asks Exxon to report its energy resources in an energyneutral metric – BTUs – in addition to the traditional 'barrels of oil equivalent' standard. Establishing a climate-friendly measure of energy reserves is a key step in incentivizing management, and the market, to support the transition to a clean energy economy.