Exxon Mobil to face shareholder resolution calling for board climate committee

Investors will have the chance to vote on a proposal calling for Exxon Mobil to set up a board-level climate change committee at the oil giant’s forthcoming AGM.

Following the wide coverage given to the failure of Climate Action 100+ investors failing to get their resolution about climate targets onto the proxy, SRI firm Arjuna has quietly managed to get a different climate change proposal onto the meeting agenda.

The decision by the SEC to allow Exxon to omit the proposal filed by the Church Commissioners and New York Comptroller Thomas DiNapoli was greeted by calls from investors for a vote against the company’s board. Read Full Article - Responsible Investor, April 4, 2019