Recent SEC Decision Could Spark Investment In Big Oil ...Middle East

OILPRICE - Economy
Recent SEC Decision Could Spark Investment In Big Oil
source : OILPRICE ( Middle East ) () 16
Earlier this month, the Securities and Exchange Commission denied requests from ConocoPhillips and Occidental Petroleum to throw out shareholder motions for voting on detailed emission-reduction plans. The move sets a precedent in the industry, which might draw more activist investors with an ESG bend to the unloved industry. “This is a breakthrough in the fight against climate change. Finally, shareholders can vote about the elephant in the room: product emissions. All our experience in Europe has shown that only shareholders’ votes…

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