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ExxonMobil investors support climate change resolution

27 May 2005
Shareholders at the ExxonMobil Corp. annual meeting in Dallas gave "record high" voting support today to a shareholder resolution seeking greater analysis and disclosure from the company about the financial impacts posed by global climate change, CERES reports:

28.3 percent of Exxon Mobil's shareholders supported a resolution requesting that the company's board of directors undertake a comprehensive review on how it will meet the greenhouse gas reductions targets in countries participating in the Kyoto Protocol. The 28.3 percent support represents 1.5 billion shares with a market value of about $83.8 billion. (full story here)

The ExxonMobil spiel:

ExxonMobil takes climate change extremely seriously. We recognise that the risk of climate change and its potential impacts on society and ecosystems may prove to be significant and that actions are needed to address this issue. (more here)

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