Sentences with phrase «exxon shareholders voted»

Not exact matches

CalPERS, the California Public Employees» Retirement System, which voted in favor of the climate change proposal at Exxon's shareholder's meeting Wednesday, also released a statement.

Exxon Mobil (xom) has stepped up efforts to persuade investors to vote against climate - related proposals at Wednesday's annual meeting with a campaign of calling, writing and lobbying shareholders in person.

JPMorgan lead director Lee Raymond, a former Exxon Mobil CEO, told shareholders at last month's meeting to expect management to reflect on the board's structure in light of the way the votes came down.

Proxy advisory firm Institutional Shareholder Services is recommending no votes on ExxonMobil's (XOM) executive pay, as are institutional shareholders AFSCME and RAM Trust — and Exxon has eight shareholder proposals on its proxyShareholder Services is recommending no votes on ExxonMobil's (XOM) executive pay, as are institutional shareholders AFSCME and RAM Trust — and Exxon has eight shareholder proposals on its proxyshareholder proposals on its proxy this year.

Exxon is recommending a vote on executive pay every three years, although pay is awarded annually and shareholders as a general matter tend to prefer annual votes.

Exxon has recommended that shareholders vote against all of the shareholder proposals this year.

In an unprecedented move Wednesday, Exxon Mobil shareholders voted in favor of a non-binding proposal that they say will force the company to truly back the Paris climate agreement.

Consider the idea that shareholder might vote on whether Exxon should «assume a higher carbon price when it drills for oil.»

It's true that the activist investors on the Exxon vote likely include heavy hitters like financial firms BlackRock, Vanguard and State Street (though the specific votes are not made public), which are the company's biggest shareholders, owning more than 18 percent of the stock.

Business Shareholders of Exxon Mobil and Chevron have voted to reject a series of resolutions aimed at encouraging the companies to take stronger actions to battle climate change.

So in April 2007, Connecticut treasurer Nappier wrote to fellow Exxon shareholders urging them to withhold votes for Boskin's re-election to the company's board.

The top vote - getter among them was the resolution asking the oil company to set targets for reducing greenhouse gas emissions — for the second year in a row, it won support from almost a third of Exxon shareholders.

Several climate change - related shareholder resolutions won substantial backing — though not majority votes — from Exxon and Chevron shareholders.

At Exxon, the resolution won 21 percent of shareholder votes; Chevron's version got 20 percent.

On Tuesday, Norway's $ 872 billion sovereign wealth fund said it would vote in favor of shareholder proposals at Exxon and Chevron Corp. that would require the companies to report more fully about the risks their businesses could face from tougher carbon policies and extreme climate impacts.

In 2017, over 60 % of shareholders voted for Exxon to begin disclosing how the company would be affected in a demand - constrained environment in line with a two - degree scenario, following the Paris Agreement.

Exxon executives initially opposed shareholder measures, but activists managed to gather enough votes in May to pass a global warming reporting measure.

The first comes in response to a shareholder vote last year that demanded Exxon publish the risks it faces if the world hits its carbon - emissions goal to limit global warming to 2 degrees Celsius above pre-industrial levels.