Energy Efficiency / Environmental Health & Safety

Climate Change Debate Flares At Exxon Annual Meeting

By Chemical Processing Staff

Jun 03, 2019

A debate over ExxonMobil’s climate change strategy broke out at the company’s annual meeting, according to an article from the AP. Some shareholders reportedly accused ExxonMobil of failing to address a future that will likely include stricter carbon emissions regulations.

ExxonMobil CEO Darren Woods defended the company’s approach, according to the article, suggesting it was striking a balance between providing needed energy while reducing emissions from its operations. ExxonMobil reportedly was successful in petitioning the Securities and Exhange Commission to block a shareholder vote on setting emissions reduction targets. A representative of the Church of England’s endowment fund told shareholders that Exxon and investors “have been in open conflict about climate strategy and disclosure,” according to the AP.

Read the entire article here.