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Page added on May 31, 2007

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ExxonMobil shareholders rebuff concerns on climate change

ExxonMobil shareholders on Wednesday voted strongly against several measures that dissident investors proposed to reform the climate policies of world’s largest oil company.


A majority of ExxonMobil shareholders defeated resolutions, urging the oil giant to set goals to reduce its greenhouse gas emissions and to boost its use of renewable energy, at ExxonMobil’s annual shareholder meeting in Dallas, Texas.


Senior executives, including ExxonMobil chairman Rex Tillerson, had urged shareholders to reject the proposals.


Without referring explicitly to global warming or climate change, Tillerson said the jury was still out on the “complex issue of climate science.”


AFP



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