Oil giants Exxon and Chevron face major climate change tests

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On Wednesday, the oil giants ExxonMobil Corp. and Chevron both face landmark votes on shareholder resolutions that signify just how far the climate movement has come in the past few years. 

There are nine shareholder resolutions pending votes at the annual shareholders meetings of Exxon alone and several more at Chevron. These primarily concern the need for company leaders to take into account the likelihood that countries will enact strict limits to greenhouse gas emissions, thereby affecting fossil fuel sales.

While they are not all expected to pass or even be voted on, the fact that any votes at all are likely to take place is a shift from the more typical annual ritual of oil company boards flat out refusing to vote on climate-focused shareholder resolutions. Read more…

More about Paris Summit, Paris Agreement, Climate Change, Global Warming, and Chevron


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