(MENAFN) Shareholders at Exxon Mobil and Chevron rejected resolutions backed by environmentalists that would have pushed the companies to take stronger stands in favor of limiting climate change.
At Chevron Corp., a resolution asking for an annual report each year on how climate-change policies will affect the company received 41 percent of the vote, and a similar resolution at Exxon got 38 percent.
In accordance, the meetings on Wednesday; Exxon's in Dallas, Chevron's in San Ramon, California, came as the companies are trying to dig out from the collapse in crude prices that began in mid-2014.
Both giants' shareholders rejected resolutions to put a climate expert on the board and support the goal of a UN meeting in Paris last year to limit global warming to 2 degrees Celsius above pre-industrial levels.
"My company has long recognized that climate change is a serious risk and might require action, but any policies should be implemented evenly across the world," stated Exxon's Chief executive officer.
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