1. Securities and Exchange Commission Ruled it Must let Shareholders Vote

    Securities and Exchange Commission Ruled it Must let Shareholders Vote

    (Reuters) – The U.S. Securities and Exchange Commission has ruled Exxon Mobil must include a climate change resolution on its annual shareholder proxy, a defeat for the world’s largest publicly traded oil producer, which had argued it already provides adequate carbon disclosures.  In a Tuesday letter to Exxon seen by Reuters, the SEC said the oil producer cannot keep a proposal spearheaded by New York state’s comptroller from a full shareholder vote at the company’s annual meeting in May...

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  2. Quotes

    1. It does not appear that Exxon Mobil's public disclosures compare favorably with the guidelines of the proposal.
    2. We'll be communicating the board's recommendations on shareholder resolutions through the proxy document next month.
    3. Investors need to know if Exxon Mobil is taking necessary steps to prepare for a lower carbon future, particularly now in the wake of the Paris agreement.
    4. The SEC has rejected Exxon's attempt to silence investors' concerns about the very real financial risks associated with climate change.
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