by Bill Baue, June 2, 2016
The Spring 2016 proxy votes supporting the 2°C stress test resolutions at last week’s Annual General Meetings of ExxonMobil (38.2%) and Chevron (41%) give cause for both celebration - and concern. These votes suggest that key asset managers are recognizing (and others seem to be willfully ignoring) climate risk inherent in the business-as-usual practices of the largest U.S. oil and gas corporations and their downstream value chains.
The Exxon Annual Meeting: Written by the First Ever Students to File a Shareholder Resolution l Dwight Hall Socially Responsible Investing group
by dhsri, June 2, 2016
Although our expectations were tempered, we arrived in Dallas last Wednesday with the belief that Exxon’s Annual Shareholders’ Meeting would offer some dialogue between investors and Exxon’s CEO, Rex Tillerson. We hoped that Tillerson would truly consider and engage with shareholders’ ideas and questions. Our hopes were not met.