May 31, 2017 / 4:24 PM / 2 months ago

Exxon shareholders approve climate-impact report in win for activists

1 Min Read

DALLAS, May 31 (Reuters) - Exxon Mobil Corp shareholders on Wednesday approved a proposal calling for the oil company to disclose the impact on its business of compliance with global climate change guidelines, an issue at the heart of a probe by two state attorneys general.

A preliminary tally showed the non-binding proposal passed with 62.3 percent of ballots cast, the world's largest publicly traded oil company said. The sizeable increase over last year's 38 percent support for a similar report signaled the non-binding proposal was backed by at least some of Exxon's top institutional shareholders.

Reporting by Gary McWilliams; Editing by Meredith Mazzilli

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