Exxon, Chevron investors reject climate proposals

Exxon holders rejected all 12 shareholder proposals, the majority of which dealt with climate-related issues. — Reuters

HOUSTON: Exxon Mobil Corp and Chevron Corp shareholders overwhelmingly rejected calls for stronger measures to mitigate climate change, dismissing more than a dozen climate-related proposals at their annual meetings.

The results supported the two largest US oil producers in resisting pressure from investor groups calling for the pair to follow European rivals in accepting tougher emissions reductions goals.