Big Oil Shareholders Vote Down Climate Resolutions

Axios reports:

Resolutions pushing ExxonMobil and Chevron to get more aggressive on climate change were soundly defeated at annual shareholder meetings on Wednesday. The meetings were the latest example of growing investor pressure on oil giants over global warming.

At Exxon’s meeting, a resolution calling for a new board committee on climate won just 7.4% support. At Chevron’s meeting, roughly 92% opposed a measure to create a new board committee on climate. About 67% opposed a resolution calling for a report on cutting emissions “in alignment” with the Paris agreement.