The Securities and Exchange Commission has allowed Exxon Mobil to trash a shareholder proposal requiring the oil giant to set targets to substantially reduce its greenhouse gas emissions.
The Securities and Exchange Commission has allowed Exxon Mobil to block a shareholder proposal requiring the oil giant to set targets to substantially reduce its greenhouse gas emissions.
The shareholder community has increasingly pressured publicly traded firms to assess climate change risk as the U.S. government shies away from climate change regulation. President Donald Trump announced in June 2017 that the United States will withdraw from the Paris deal, though it cannot formally do so until November 2020.
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