Big Oil Shareholders Choose Cash Over Climate
Bumper profits have put fossil-fuel companies back on the radar for many investors.
An Exxon Mobil Corp. refinery in Rotterdam.
Photographer: Bloomberg
Welcome to Energy Daily, our guide to the energy and commodities markets powering the global economy. Today, Senior US Oil Reporter Kevin Crowley looks at the waning investor support for climate resolutions at some of the world’s biggest energy companies. To get this newsletter sent straight to your inbox, you can sign up here.
Shareholder anger over the pace of Big Oil’s action on climate change may have peaked, judging by the latest US proxy voting season.