A shareholder resolution challenging a major petrochemical company on virgin and single-use plastic production received a 37.4% vote from ExxonMobil shareholders at the company’s annual meeting today.
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A first-of-its-kind shareholder resolution challenging a major petrochemical company on plastics production received majority support (50.4%) from Phillips 66 shareholders at the company’s annual meeting last week.
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Shareholder representative As You Sow today released a report, “Plastics: The Last Straw for Big Oil?”, addressing the financial and environmental, social, and governance (ESG) risks of overinvestment in petrochemical infrastructure.
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