Environmental groups are vowing to increase the pressure on Exxon Mobil and its allies, despite a string of defeats Wednesday.
Shareholders at the country’s largest oil company rejected a number of resolutions to make climate change part of the company’s business model.
The climate advocates say they won’t back down from the challenge, which they say now includes Exxon supporters in Congress looking to block them from pushing a global warming agenda.
“The recommendation by Exxon’s board to outright reject every single climate resolution from shareholders sends an incontestable signal to investors: it’s due time to divest from Exxon’s deception,” said May Boeve, executive director of the group 350.org, a leading proponent of the Keep it in the Ground campaign and movement for pension funds, schools and others to divest from investments in fossil fuels. Many scientists blame the greenhouse gases emitted from the burning of fossil fuels, such as crude oil and coal, for man-made climate change.