US regulator lets Exxon block shareholder vote on climate proposal

The SEC said the company is not required to let shareholders vote on a proposal that it disclose goals for greenhouse gas emissions

Securities regulators will allow oil giant Exxon Mobil to block shareholders from voting on a proposal that the company disclose goals for reducing greenhouse gas emissions.

Activist investors led by the New York state comptroller pushed the proposal, which urges Exxon to set annual targets in line with goals decided by the 2015 Paris climate agreement.

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from US news | The Guardian https://ift.tt/2UdefGL