Exxon shareholders to vote on climate change, fracking

[Omaha Steve]

Source: AP

DALLAS (AP) — Exxon Mobil shareholders overwhelmingly rejected several environmental resolutions including proposals to put a climate-change expert on the board and set goals for greenhouse-gas emissions.

At the oil giant's annual meeting Wednesday in Dallas, CEO Rex Tillerson gave a stay-the-course outlook for the company, which has seen profits decline recently with lower prices for crude oil.

Tillerson has said that oil prices will remain low over the next two years because of large global supplies and weak economic growth.

Exxon has completed more than a dozen major projects in the past three years and expects an equal number to begin production through 2017. The company is paring back on capital spending as those projects are completed — from $38.5 billion last year to $34 billion this year and less in 2016 and 2017.

FULL story at link.



FILE - In this March 27, 2015 file photo, ExxonMobil CEO Rex Tillerson delivers remarks on the release of a report by the National Petroleum Council on oil drilling in the Arctic, in Washington. Exxon shareholders will meet Wednesday, May 27, 2015 to hear Tillerson give his outlook for an industry grappling with lower crude prices. (AP Photo/Evan Vucci, File)

Read more: http://bigstory.ap.org/article/08927c3960fb4ecdbf572e7649109f46/exxon-shareholders-vote-climate-change-fracking

[drm604]

1. Of course they did.

I'd have been shocked if they did otherwise.

We can't expect the polluters to change their behavior without being forced to.

[jwirr]

2. If they are like most public companies the original owners own enough stock to override any

real reform by the majority of stockholders. These votes are a sham.

[maindawg]

3. Empty suits

and idiots with their whores. The slime oozing through the halls. Criminals and their lawyers.
They should be talking about how they will be making a living because in a few years if we dont get rid of these demons we are all going down. So whether they change their business model or not, they are through.

[Dont call me Shirley]

4. OMG! What destructive dopes! Holy cow!

[Township75]

5. So what is funding your pension, 401k, Roth, mutual fund, individual stock, etc?

my guess is that anyone outraged by this isn't going to sell any ownership they have in it as a result..

[mpcamb]

6. Most of the people here are clean

Cleaner thasn EXXON, but in fact, what would that take??