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Environment/Climate Change

Discussion in 'Solar' started by Norse, Apr 2, 2014.

  1. forestg

    forestg Well-Known Member

    Location:
    Planet earth
    Exxon loses key climate change battle
    May 31, 2017
    http://money.cnn.com/2017/05/31/investing/exxon-climate-change-paris-agreement/

    In a rare defeat for a major company, over 63% of Exxon shareholders voted in favor of a proposal on Wednesday calling on the world's biggest public oil company to do more to disclose the risk it faces from the global crackdown on carbon emissions.

    The proposal asks Exxon (XOM) to stress test its assets for climate risks each year. The test would include scenarios such as declining demand for oil as a result of emerging technologies like electric cars and regulations, stemming from the Paris climate accord. The vote occurred just hours after CNN and other news outlets reported that President Trump is expected to withdraw from the Paris climate agreement.

    It's very uncommon for these kinds of campaigns to get such a high percentage of votes, especially in the face of the kinds of intense lobbying efforts Exxon launched against this resolution. Last year, a similar proposal was backed by 38% of shareholders.
    .................
    vidarslien likes this.
  2. stockbutterfly

    stockbutterfly Moderator Staff Member

    Location:
    montreal
  3. stockbutterfly

    stockbutterfly Moderator Staff Member

    Location:
    montreal
  4. stockbutterfly

    stockbutterfly Moderator Staff Member

    Location:
    montreal
  5. stockbutterfly

    stockbutterfly Moderator Staff Member

    Location:
    montreal
  6. stockbutterfly

    stockbutterfly Moderator Staff Member

    Location:
    montreal
  7. stockbutterfly

    stockbutterfly Moderator Staff Member

    Location:
    montreal
  8. 8thdimension

    8thdimension Well-Known Member

    Location:
    South Carolina
    forestg likes this.
  9. stockbutterfly

    stockbutterfly Moderator Staff Member

    Location:
    montreal

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