ExxonMobil shareholders pass resolution demanding accounting of climate damage policy risks
In a groundbreaking rebuke of the company’s management, a supermajority of ExxonMobil shareholders approved a nonbinding resolution that calls for an open, transparent accounting of the risks posed to its business by policies aimed at reversing climate damage. BlackRock and Vanguard, two of the largest ExxonMobil investors, backed the resolution, bucking Exxon’s board, who wanted a no vote.
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