Exxon shareholders OK measure that could put climate expert on board

Voters at Exxon Mobil Corp’s annual meeting on Wednesday approved a measure to let minority shareholders nominate outsiders for seats on the company’s board, meaning a climate activist could eventually become a director at the oil giant.

The so-called proxy access measure, which passed last year at fellow U.S. major Chevron Corp, was the only one of 11 shareholder proposals related to climate change to pass at annual meetings held on Wednesday by both companies.

This year’s meetings were arguably the tensest ever, coming on the heels of the Paris accord to curb fossil fuel emissions and as New York’s attorney general investigates Exxon for allegedly misleading the public about climate change risks. Exxon has complained of being unfairly targeted.

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