ExxonMobil urges shareholders to reject seven proposals up for vote at May 26 annual meeting

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FExxonMobil urges shareholders to reject seven proposals up for vote at May 26 annual meeting

NEW YORK:

The shareholders' proposals also include BNP Paribas' demand for a report on Exxon's climate-related lobbying and whether such activities align with the Paris Accord. Another proposal asks for an analysis of how 2050 net zero carbon emission targets affect Exxon's business. Exxon is also facing a proxy fight from activist investor Engine No. 1 that last year took on the top US oil producer for what it said were poor financial returns and a lagging approach to cleaner fuels.

 

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