Exxon Mobil Corp is not required to let its shareholders vote on setting greenho...
A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes
Exxon in late January asked the SEC for permission to bar a shareholder submission calling on the company to set emissions targets beginning next year that “aligned with the greenhouse gas reduction goals established by the Paris climate agreement.” “The proposal would micromanage the company by seeking to impose specific methods for implementing complex policies in place of the ongoing judgments of management,” SEC Special Counsel Courtney Haseley wrote.
Church Commissioners for England and the New York State comptroller’s office, which submitted the proposal and previously submitted other climate-change resolutions to the company, said they are considering their next steps.
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