Climate change debate in the focus at Exxon’s annual meeting
DALLAS — Activist shareholders used Exxon Mobil’s annual meeting to renew their accusations that the company is failing to confront a future that may include stricter regulations to limit climate change caused by burning fossil fuels.
A representative of the Church of England’s endowment fund said Wednesday that Exxon has moved more slowly than other major oil companies to disclose information about emissions.
Chairman and CEO Darren Woods defended the company, saying it’s doing its part by providing energy that people need while also reducing emissions from its own operations.
Exxon successfully petitioned the Securities and Exchange Commission to block a shareholder vote on setting targets for reducing carbon emissions from burning oil and gas.