Climate Change Debate Flares At Exxon Annual Meeting
June 3, 2019
Shareholders at ExxonMobil’s annual meeting voice objections to company’s failure to address climate change.
A debate over ExxonMobil’s climate change strategy broke out at the company’s annual meeting, according to an article from the AP. Some shareholders reportedly accused ExxonMobil of failing to address a future that will likely include stricter carbon emissions regulations.
ExxonMobil CEO Darren Woods defended the company’s approach, according to the article, suggesting it was striking a balance between providing needed energy while reducing emissions from its operations. ExxonMobil reportedly was successful in petitioning the Securities and Exhange Commission to block a shareholder vote on setting emissions reduction targets. A representative of the Church of England’s endowment fund told shareholders that Exxon and investors “have been in open conflict about climate strategy and disclosure,” according to the AP.
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