{"id":632712,"date":"2024-02-02T16:36:00","date_gmt":"2024-02-02T11:06:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=632712"},"modified":"2024-02-02T16:36:00","modified_gmt":"2024-02-02T11:06:00","slug":"exxon-says-investors-to-withdraw-climate-proposal-from-annual-shareholder-meeting","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/exxon-says-investors-to-withdraw-climate-proposal-from-annual-shareholder-meeting\/","title":{"rendered":"Exxon says investors to withdraw climate proposal from annual shareholder meeting"},"content":{"rendered":"<p>Exxon Mobil Corp said in a court filing on Thursday activist investors were withdrawing a climate proposal the oil giant sought to block from being voted on during a shareholder meeting in May.<\/p>\n<p>Exxon filed a complaint in a Texas court earlier this month seeking to prevent activist investment firm Arjuna Capital and shareholder group Follow This from seeking a vote on the climate proposal at the company&#8217;s shareholder meeting in May.<\/p>\n<p>The proposal called for Exxon to set so-called Scope 3 targets to reduce emissions produced by its products. Exxon is the only one of the five Western oil majors which does not have such targets.<\/p>\n<p>Exxon has said the groups were driven by an &#8220;extreme agenda&#8221; and that their proposals do not serve investors&#8217; interests or promote long-term shareholder value.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Exxon Mobil Corp said in a court filing on Thursday activist investors were withdrawing a climate proposal the oil giant sought to block from being voted on during a shareholder meeting in May. Exxon filed a complaint in a Texas court earlier this month seeking to prevent activist investment firm Arjuna Capital and shareholder group Follow This from seeking a vote on the climate proposal at the company&#8217;s shareholder meeting in May. The proposal called for Exxon to set so-called Scope 3 targets to reduce emissions produced by its products. Exxon is the only one of the five Western oil [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[133],"tags":[],"class_list":["post-632712","post","type-post","status-publish","format-standard","hentry","category-oil-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/632712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=632712"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/632712\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=632712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=632712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=632712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}