Investors press Exxon on disclosure of climate change impact
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June 1, 2017
DALLAS (AP) — Disregarding the company's opposition, Exxon Mobil shareholders asked the oil giant to provide more information about the impact that climate-change policies could have on its business.
The measure was approved Wednesday by investors holding 62 percent of Exxon shares. A similar proposal earned 38 percent approval a year ago.
The vote was a defeat for Exxon and a victory for environmentalists and large shareholders, who worry that measures to limit climate change could reduce demand for fuels that produce heat-trapping emissions when burned.
The vote at the largest U.S. oil compa...
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