Exxon's Shareholders Just Forced the Oil Giant's Hand on Climate Change

[hatrack]

16. Oh, and in case you were wondering - it's a non-binding resolution - they'll "reconsider" it

EDIT

A few days in advance of today’s vote, Exxon tried to turn the tide of opinion among investors. According to CNBC, “Exxon had 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.”

Exxon has insisted that it already provides the relevant information to investors.

The investor resolution is non-binding. In an e-mail to Ars, Exxon media relations manager Alan T. Jeffers noted that the company’s chairman, Darren Woods, said the company would “consider all feedback from our shareholders.”

“Those votes receiving a majority level of support will be reconsidered by the board,” Jeffers added.

EDIT

https://arstechnica.com/business/2017/05/exxon-investors-clash-with-executives-vote-in-favor-of-annual-climate-report/