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An Exxon gas station in New York. Photo: Spencer Platt/Getty Images

Resolutions pushing ExxonMobil and Chevron to get more aggressive on climate change were soundly defeated at annual shareholder meetings on Wednesday.

Why it matters: The meetings were the latest example of growing investor pressure on oil giants over global warming.

Where it stands: At Exxon's meeting, a resolution calling for a new board committee on climate won just 7.4% support.

  • A separate measure partly about climate, calling for a report on the risks of expanding Gulf Coast petrochemical operations, drew 25% support.
  • At Chevron's meeting, roughly 92% opposed a measure to create a new board committee on climate. About 67% opposed a resolution calling for a report on cutting emissions "in alignment" with the Paris agreement.

But, but, but: One Exxon measure that climate advocates saw as a proxy for their concerns, a resolution to create an independent board chairman, got 41% support, an uptick from last year.

What they're saying: Exxon chairman and CEO Darren Woods recently "spoke at length about the steps Exxon was taking to address the threat of climate change, including support for research into new technologies that could eventually help to curb greenhouse gas emissions, including biofuels derived from algae and the capture and storage of carbon dioxide emissions from power plants," the Financial Times reports.

Go deeper: Exxon and Chevron to face investor pressure to do more on climate

Go deeper

Using apps to prevent deadly police encounters

Illustration: Sarah Grillo/Axios

Mobile phone apps are evolving in ways that can stop rather than simply document deadly police encounters with people of color — including notifying family and lawyers about potential violations in real time.

Why it matters: As states and cities face pressure to reform excessive force policies, apps that monitor police are becoming more interactive, gathering evidence against rogue officers as well as posting social media videos to shame the agencies.

Dan Primack, author of Pro Rata
11 hours ago - Technology

TikTok gets more time (again)

Illustration: Aïda Amer/Axios

The White House is again giving TikTok's Chinese parent company more to satisfy national security concerns, rather than initiating legal action, a source familiar with the situation tells Axios.

The state of play: China's ByteDance had until Friday to resolve issues raised by the Committee on Foreign Investment in the U.S. (CFIUS), which is chaired by Treasury secretary Steve Mnuchin. This was the company's third deadline, with CFIUS having provided two earlier extensions.

Federal judge orders Trump administration to restore DACA

DACA recipients and their supporters rally outside the U.S. Supreme Court on June 18. Photo: Drew Angerer via Getty

A federal judge on Friday ordered the Trump administration to fully restore the Deferred Action for Childhood Arrivals program, giving undocumented immigrants who arrived in the U.S. as children a chance to petition for protection from deportation.

Why it matters: DACA was implemented under former President Obama, but President Trump has sought to undo the program since taking office. Friday’s ruling will require Department of Homeland Security officers to begin accepting applications starting Monday and guarantee that work permits are valid for two years.