Climate change takes centre stage at Exxon and Chevron AGMs
More proposals up for vote as environmental concerns once considered peripheral by investors become mainstream
Houston
EXXON Mobil Corp and Chevron Corp will face their toughest-ever push by shareholders concerned about a warming world at their annual general meetings (AGMs) on Wednesday, as the Paris accord to tackle climate change ratchets up investor pressure on two of the world's largest oil companies.
The tension is most acute at Exxon, which has denied accusations from environmentalists that it purposely misled the public about climate change risks. The New York attorney-general is investigating Exxon and it has complained of being unfairly targeted by special interest groups.
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