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"U.S. Regulator Rules Out Exxon Shareholder Vote On Climate Resolution"

"Exxon Mobil Corp is not required to let its shareholders vote on setting greenhouse gas targets, the U.S. Securities and Exchange Commission said on Tuesday, agreeing with the company’s request to reject the proposal.

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.”

Exxon argued the resolution was misleading, substantially implemented and an attempt to interfere with its management responsibilities. "

Gary McWilliams reports for Reuters April 2, 2019.

Source: Reuters, 04/03/2019