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Exxon Shareholders Push Company To Be More Transparent About Local weather Risks

Exxon had urged buyers to vote in opposition to the decision that shareholders authorized during their annual assembly in Dallas.

CEO David Wooden mentioned Wednesday that the corporate believes the “risks of local weather change are serious and warrant action — considerate action.” However, he argued that Exxon has “adequately assessed the potential impacts of future policy developments” and shared those findings with its traders.

Exxon’s board will now crude oil price history 5 years consider the climate decision, Wood stated.
The vote indicates that Exxon shareholders “are finally acknowledging what the company nonetheless refuses to — that the age of oil of almost over,” stated Naomi Ages, a senior local weather and energy campaigner for Greenpeace USA.

Exxon has confronted mounting legal bother lately, including investigations by multiple state attorneys common wanting into whether the corporate lied to the general public and its traders concerning the risks of local weather change. Those probes stem from InsideClimate News and Los Angeles Instances studies indicating that Exxon executives were conscious of the climate dangers associated with carbon dioxide emissions but had funded analysis to cover up these dangers and block solutions.

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