Democracy Dies in Darkness
The Climate 202

Investors reject climate proposals targeting ExxonMobil, Chevron

Analysis by

with research by Vanessa Montalbano

May 26, 2022 at 7:59 a.m. EDT
The Climate 202

Good morning and welcome to The Climate 202! Today we're jealous of our colleague Mariana Alfaro's adorable dog and work setup. But first:

Investors reject climate proposals targeting ExxonMobil, Chevron

Nearly two-thirds of investors in ExxonMobil and Chevron on Wednesday rejected proposals for the oil giants to align their climate strategies with the Paris agreement.

The votes were yet another sign that climate activist investors are having a less successful proxy season this year than in 2021, as fossil fuel firms reap record profits fueled by the war in Ukraine.