Shareholders pushed Chevron Corp. and Exxon Mobil Corp. on Wednesday to report on climate change-related public health risks of petrochemical operations and welcomed an announcement by Southern Co. that it has set a goal of net-zero carbon emissions by 2050.
The actions happened at the companies' respective annual meetings Wednesday.
According to preliminary results, 46% of investors voted to support a shareholder resolution at Chevron and 25% voted to support a similar one at Exxon. Filed by shareholder advocacy group As You Sow, the resolutions call for Exxon and Chevron to report on the public health risks of expanding their petrochemical operations in areas increasingly prone to climate change-induced storms, flooding, and sea level rise. The same proposal received a majority 54.7% vote at Phillips 66 earlier this month. Read Full Article - Pensions & Investments, May 27, 2020