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Exxon Shareholders Disappoint Environmentalists, Vote Against Climate Change Proposals

2016-05-25 22:07:00| Climate Ark Climate Change & Global Warming Newsfeed

ThinkProgress: After a long battle to even get on the agenda for ExxonMobil`s 2016 Annual Meeting, the company`s shareholders on Wednesday voted against four initiatives to address climate change, even while the company is facing an investigation for its climate denial activities. Investors were hoping to force Exxon to add a climate expert to its board, to enact a policy to avoid 2°C warming, to increase capital distributions (with the understanding that continued investment in assets likely to be stranded...

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