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Exxon shareholders approve climate impact report in win for activists

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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Categories: Uncategorized

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