Exxon shareholders denied vote on emissions targets


ExxonMobil shareholders will not get a vote on whether the company should set targets for cutting its greenhouse gas emissions, following a ruling by the Securities and Exchange Commission.

New York State’s pension fund and other investors had called for the oil company to start setting targets for reducing emissions in line with the goals of the 2015 Paris climate agreement.

But the SEC ruled on Tuesday that Exxon could keep the proposal off the ballot at its annual shareholder meeting next month. Read Full Article - Financial Times, April 1, 2019