An activist group is increasing the pressure on five big U.S. and European oil c...
LONDON - An activist group is increasing the pressure on five big U.S. and European oil companies with shareholder resolutions urging them to meet the Paris climate goals and cut carbon emissions.
The U.S. version calls on the Exxon and Chevron boards to “align its strategy with emission levels compatible with the goal of the Paris Climate Agreement”, which aims to keep global warming below 2 degrees Celsius. Follow This first filed a climate resolution with Shell in 2016 but last year it expanded its efforts to other companies as the climate debate gathered momentum.
Exxon last year successfully blocked a resolution by the Church Commissioners for England and the New York State comptroller’s office.
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