U.S. Big Oil Pressure Eases as SEC Excludes Emission Resolutions

摘要

Shareholders in the largest U.S. oil companies won't be asked to vote on greenhouse gas emissions strategies after the Securities and Exchange Commission ruled against a resolution brought forward by a Dutch activist group.Follow This filed requests for shareholder votes at Exxon Mobil Corp. and Chevron Corp.'s annual meetings late last year, asking the companies to align their operations with the Paris climate accord. The exclusion of the advocacy group's resolutions deepens the divide between U.S. majors and their European counterparts, many of which have bowed to pressure to drive their emissions lower.