Top fund manager BlackRock Inc on Wednesday said it cast an advisory vote in favor of an independent chairman at Exxon Mobil Corp and cast votes against the reelection of two directors over the company's approach to climate risks.
Exxon shareholders on Wednesday rejected all four shareholder resolutions, with none getting more than 38per cent of the votes cast. The independent chairman proposal fell with 32.7per cent in favor of an appointment when the next chief executive is named.BlackRock, which this year joined the Climate 100+ investor group seeking greenhouse gas emissions curbs, said the current Exxon board lacked independent leadership and showed no"sense of urgency" with regard to climate-related risks.
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