The Securities and Exchange Commission granted Exxon's request to block a shareholder resolution that would've urged the oil behemoth to adopt and disclose greenhouse gas emissions targets on its business and products in line with the Paris climate accord
The agency granted Exxon's request to block a shareholder resolution that would have urged the oil behemoth to adopt and disclose greenhouse gas emissions targets on its business and products in line with the Paris climate accord.The SEC ruled that the nonbinding proposal, which was backed by investors with $9.5 trillion in assets, would"micromanage" Exxon by seeking to impose"specific methods for implementing complex policies" in place of managerial judgment.
"Shareholder activism is on the rise, but companies are fighting backExxon pointed to the company's 2018 Energy and Carbon Summary as evidence that it is already doing its part to address the risks of climate change. Exxon pointed to other climate-related steps, including promises to cut emissions, research into fuel cells and biofuels and purchases of wind and solar energy.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
SEC throws out investor vote pushing Exxon Mobil to reduce greenhouse gas emissionsThe Securities and Exchange Commission has allowed Exxon Mobil to trash a shareholder proposal requiring the oil giant to set targets to substantially reduce its greenhouse gas emissions.
Weiterlesen »
U.S. regulator rules out Exxon shareholder vote on climate resolutionExxon Mobil Corp is not required to let its shareholders vote on setting greenho...
Weiterlesen »
Exclusive: Exxon weighs sale of Nigerian oil and gas fields for up to $3 billionExxon Mobil recently held talks on the sale of a suite of oil and gas fields in ...
Weiterlesen »
Exxon shows climate activists a red ragThe oil giant squashed an investor proposal to set emissions-reductions targets, with help from the U.S. markets watchdog. It’s pretty short-sighted, and raises the risk disgruntled shareholders start using blunter weapons, like votes on board directors and executive pay.
Weiterlesen »
Kentucky, Auburn bring high-flying SEC rivalry to Elite Eight stageThe Wildcats and Tigers, familiar SEC foes, battle for a spot in the Final Four.
Weiterlesen »
SEC delays disputed plan to probe exchange pricing conflictsThe U.S. Securities and Exchange Commission on Thursday delayed a controversial ...
Weiterlesen »
Education Sec. Betsy DeVos clashes with Democratic senator over Special Olympics falloutEducation Secretary Betsy DeVos faces more backlash at a hearing on Capitol Hill over the Trump administration’s proposal to cut federal funding for the Special Olympics.
Weiterlesen »
SEC Issues Historic First Letter Saying It Will Not Take Action Against A Cryptocurrency BusinessThe SEC issues a historic 'No Action' letter telling the issuer of a crypto asset that it will not recommend actions against the company so long as it complies with certain conditions.
Weiterlesen »
U.S. SEC issues guidelines to help analyze crypto assetsThe U.S. Securities and Exchange Commission on Wednesday issued guidelines to he...
Weiterlesen »