1. Exxon Mobil Asks U.S. Regulator to Block Climate-Change Resolution

    Exxon Mobil Asks U.S. Regulator to Block Climate-Change Resolution

    (Reuters) - Exxon Mobil Corp is trying to block an investor proposal that calls on the world's largest publicly traded oil company to set targets for lowering its greenhouse gas emissions, two of the investor groups involved said on Sunday. Exxon in late January wrote to the U.S. Securities and Exchange Commission that the proposal, which is set for a vote at its May annual meeting, is misleading and an attempt to “micro-manage the company," spokespeople for investors supporting the proposal said. The Financial Times reported on the letter earlier on Sunday. The Church Commissioners for England (CCE), the ...

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  2. Quotes

    1. Trying to strike out a shareholder proposal from institutional investors with a fiduciary responsibility to manage climate risk is an outdated reflex.
    2. Exxon is trying to deny shareholders' right to vote on a significant climate risk concern.
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