Exxon to report plastic pellet spills, shareholder says

HOUSTON, March 27 (Reuters) - Exxon Mobil Corp agreed to start reporting spills of plastic pellets from its chemical plants this year, according to an activist shareholder group that pressed the company on the issue.

Activist group As You Sow said on Wednesday that it would withdraw a resolution it had asked Exxon to present to investors at the company’s annual shareholder meeting this spring. Plastic pellets, which are building blocks for most plastics products, are a major source of ocean pollution, environmentalist say.

Exxon “will provide details about where, how, and when it monitors for pellet spills, describe pellet management systems it has in place, and report on spills that occurred,” the group said in a statement. Read Full Article - CNBC, March 27, 2019