DALLAS (AP) – Exxon Mobil shareholders are pushing the company to report and disclose whether regulations designed to reduce climate change will hurt the oil giant’s business.
Investors holding 62 percent of shares voted at the company’s annual meeting Wednesday favored more disclosure around the impact of global policies aimed at limiting global warming to 2 degrees Centigrade.
The vote is a defeat for the company and a victory for environmentalists and shareholder activists, who have seen support for their proposal grow from 38 percent a year ago.
Chairman and CEO Darren Woods says the matter will be reconsidered by the Exxon board.
(© Copyright 2017 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)