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US oil explorers going ahead with drilling projects

Friday, May 27, 2016 - 05:50
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Shareholders of Exxon Mobil Corp and Chevron Corp on Wednesday overwhelmingly rejected resolutions backed by environmental activists that would have curtailed exploration for new oil fields.

Chicago

THE largest US oil explorers are ploughing ahead with some of the most ambitious drilling projects in the 157-year history of the industry even as dissatisfied investors vow to continue their fight against fossil fuels.

Shareholders of Exxon Mobil Corp and Chevron Corp on

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