The US Securities and Exchange Commission rules against allowing Exxon’s shareholders to vote on whether to stop investing in high-carbon projects, but in favor of a near-identical proposal at Chevron
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ExxonMobil shareholders will not be able to vote on whether the oil company should stop investing in risky, high-carbon projects after failing to win support from the Securities and Exchange Commission this week.
Wednesday’s decision not to require the proxy vote comes a week after the federal agency ruled in favor of including a near-identical shareholder proposal on the Chevron proxy ballot in May.
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