New York asks SEC to force climate vote onto Exxon proxy
New York state's comptroller and four other Exxon Mobil (XOM.N) shareholders asked the U.S. Securities and Exchange Commission this week to force the oil producer to include a climate change resolution in its annual shareholder proxy, according to a filing seen by Reuters.
The move, the first since the Paris climate accord, ratchets up the tension between the world's largest publicly traded oil company and a growing chorus of investors concerned that climate change or legislation designed to curb it will harm Exxon's ability to operate profitably.
It also comes as Exxon is fighting an inquiry by New York state's attorney general into whether it misled the public and shareholders about the risks of climate change. New York City officials have also launched efforts to force greater climate disclosure by Exxon.
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http://www.reuters.com/article/us-exxon-mobil-shareholders-exclusive-idUSKCN0VX0FC
