Exxon Shareholders To Vote On Climate Change, Fracking

DALLAS (AP) — Shareholders of big oil companies overwhelmingly rejected several environmental resolutions including proposals to put climate-change experts on their boards and set goals for greenhouse-gas emissions. At the Exxon Mobil meeting in Dallas, CEO Rex Tillerson said the company is positioned to withstand ups and down in oil prices and give shareholders a good return on their money. Michael Crosby, sponsor of the resolution at the Exxon meeting, said the company is fixated on oil and gas and isn't paying enough attention to renewable energy and climate change. Others proposed that Exxon Mobil and Chevron set goals for reducing greenhouse gas emissions from its products, such as gasoline, but those got less than 10 percent support. Vermont state treasurer Beth Pearce said institutional investors are growing more concerned about the topic, and Exxon management's strategy for diversifying its production beyond oil and gas has been "wholly inadequate."

Topics:  dallas ap     shareholders   dallas   ceo rex tillerson   michael   chevron   vermont   beth pearce   dallas    exxon   exxon mobil   climate change   oil   gas   meeting   set   company   emissions   goals   
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