Exxon Mobil Corp’s (XOM.N) chief executive said on Wednesday the company would reconsider how it communicates the risks its faces from climate change after shareholders approved a measure calling for increased transparency.
The non-binding proposal passed with 62 percent of ballots cast in a rare defeat for Exxon’s management, which had recommended a vote against the measure. The company argued that it already provides sufficient information on the potential impact of changing technologies and energy demand on its asset portfolio.
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