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Climate resolutions get unusually high levels of support from Exxon, Chevron shareholders
May 25, 2016
For years, shareholders have put forward resolutions to try to encourage oil giants to consider the impacts of global warming in their business plans. On Wednesday, climate-related resolutions received by far their highest level of support on record in the history of Exxon and Chevron.
Ceres Statement on Exxon and Chevron Shareholder Votes
May 25, 2016
Today’s strong votes at Exxon and Chevron send a powerful message that investors see climate change as a material financial risk, which underscores the ongoing momentum post-Paris and urgency to prepare for a low-carbon transition.