"Shareholder resolutions urging Exxon Mobil and Chevron to disclose more information about how they would be affected by climate policies are gaining support.
Proxy-advisory firms Institutional Shareholder Services Inc. and Glass Lewis & Co. recommended last week that investors support the resolutions at the companies’ annual meetings later this month.
Exxon’s and Chevron’s boards have advised shareholders to vote against the measures, arguing in public filings that additional climate-related reports are unnecessary because the companies already integrate climate-change risks into their long-term planning."
Nicole Friedman reports for the Wall Street Journal May 11, 2016.
Source: Wall St. Journal, 05/13/2016
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