SEC Sets Limits On Shareholder Climate Actions

Law360 (April 9, 2019, 7:09 PM EDT) -- The U.S. Securities and Exchange Commission is drawing new boundaries around how shareholders in ExxonMobil and other energy companies can demand climate change-related actions like reducing corporate carbon footprints and demanding disclosures on progress.

Last week, the SEC said ExxonMobil could exclude from its upcoming annual shareholder meeting a proposal calling for the adoption and disclosure of greenhouse gas emissions targets aligned with the reduction goals outlined in the Paris climate agreement. Read Full Article - Law 360, April 9, 2019