U.S. SEC directs ConocoPhillips, Occidental to hold shareholder votes on emissions targets: FT By Reuters


© Reuters. FILE PHOTO: FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door

(Reuters) – The U.S. Securities and Exchange Commission has directed ConocoPhillips (NYSE:) and Occidental Petroleum Corp (NYSE:) to hold shareholder votes on far-reaching new emissions targets, the Financial Times reported on Saturday.

The SEC denied requests from both oil companies that they be allowed to throw out shareholder motions that would force them to lay out detailed plans for cutting their so-called “Scope 3” emissions, those from the burning of their products by customers, the FT report added.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Read More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *