Wednesday, May 21, 2008

Exxon Mobil’s investors pressure company to be more green

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IRVING — Nineteen institutional investors - including some of Exxon Mobil's largest shareowners - with more than $740 billion in combined assets under management are voting next week in support of resolutions asking Exxon Mobil Corporation to address climate change risks and opportunities and separate the Chairman and CEO positions.

The major investors holding over 91 million shares of Exxon Mobil stock valued at more than $8.6 billion (based on May 20, 2008 market close of $94.56/share) announced today they are supporting four key climate-related shareholder resolutions, as well as a separate proxy item to split the CEO and chairman jobs. The resolutions will be voted on at the Exxon Mobil annual meeting on May 28, 2008 in Dallas, Texas.

During Exxon's annual shareholder meeting will also be a protest with many angry citizens saying "Exxon Enough!"

Source: Ceres and INCR

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