Exxon Mobil Corp is not required to let its shareholders vote on setting greenhouse gas targets, the U.S. Securities and Exchange Commission said on Tuesday, agreeing with the company's request to reject the proposal.
Exxon Mobil Corp is trying to block an investor proposal that calls on the world's largest publicly traded oil company to set targets for lowering its greenhouse gas emissions, two of the investor groups involved said on Sunday.
A number of institutional investors in ExxonMobil Corp have said they will file a shareholder resolution which calls on the world's largest oil company to set targets for lowering its greenhouse gas emissions.
The U.S. Environmental Protection Agency could launch a public debate about climate change as soon as January, administrator Scott Pruitt said on Thursday, as the agency continued to unwind Obama-era initiatives to fight global warming.
