Shareholders call on Chevron, Exxon to address climate change

Shareholders at two of the world’s biggest oil and gas producers are urging the companies to adopt polices to reduce their impact on climate change.

At Chevron Energy’s recent annual meeting, 33 percent of shareholders voted in support of a resolution calling on the oil giant to report how it plans to reduce greenhouse gas emissions and transition its business model to reduce carbon emissions.

That proposal called on Chevron to align with the Paris Agreement’s goal of maintaining global warming below 2 degrees Celsius, read the resolution, and demanded net emissions of carbon dioxide fall by 45 percent by 2030 and be at zero by 2050 to avoid “climate-related physical and economic harm.” Read Full Article - Carlsbad Current Argus, May 31, 2019