Exclusive - Exxon Mobil must allow climate change vote: SEC

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Reuters
Last Updated : Mar 24 2016 | 3:22 AM IST

By Ernest Scheyder

(Reuters) - The U.S. Securities and Exchange Commission has ruled Exxon Mobil Corp must include a climate change resolution in its annual shareholder proxy, a defeat for the world's largest oil producer, which had argued it already provides adequate carbon disclosures.

In a Tuesday letter to Exxon seen by Reuters, the SEC said the oil producer cannot keep a proposal spearheaded by New York state's comptroller from a full shareholder vote at the company's annual meeting in May.

(Reporting by Ernest Scheyder; Editing by Jonathan Oatis)

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First Published: Mar 24 2016 | 3:02 AM IST

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