Climate Proposals Fail at Exxon, Chevron Shareholder Meetings

Exxon and Chevron shareholders rejected a series of climate change-related proposals at the companies’ annual investors meetings on Wednesday. 

At Chevron’s meeting, one investor proposal asked the company to report on its strategy for reducing its carbon footprint, putting the business in alignment with the Paris Agreement. 

Exxon shareholders asked the company to create a report assessing the public health risk of its Gulf Coast facilities, which are located in areas that are increasingly prone to climate change-induced storms, flooding and sea level rise. They also called on Exxon to disclose its lobbying expenses and political contributions. 

Both companies received climate-related proposals calling for the creation of a special board committee on climate risks and for the establishment of an independent board chairman. Read Full Article - Climate Liability News, May 29, 2019