May 30, 2019

Exxon and Chevron shareholders turn back climate push

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

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Coronavirus kills 2 Diamond Princess passengers as South Korean cases surge

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's

Two elderly Diamond Princess passengers have been killed by the novel coronavirus — the first deaths confirmed among the more than 600 infected aboard the cruise ship.

The big picture: COVID-19 has now killed more than 2,100 people and infected over 75,000 others, mostly in mainland China, where the National Health Commission announced 114 new deaths since Wednesday.

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Massive MGM data breach: Guests' personal details posted on hacking site

The MGM Grand hotel in Las Vegas. Photo: Smith Collection/Gado/Getty Images

An MGM Resorts security breach last summer resulted in the personal details of 10.6 million guests published on a hacking forum this week, ZDNet first reported Wednesday.

Why it matters: Federal government employees and high-profile guests were affected by the breach, according to analysis by data breach monitoring service Under the Bridge and ZDNet — including officials from the FBI, Department of Homeland Security and the Transportation Security Administration, Twitter CEO Jack Dorsey, Microsoft staffers and singer Justin Bieber.

George Zimmerman sues Buttigieg and Warren for $265M

George Zimmerman in Sanford, Florida, in November 2013. Photo: Joe Burbank-Pool/Getty Images

George Zimmerman filed a lawsuit in Polk County, Fla., seeking $265 million in damages from Democratic presidential candidates Pete Buttigieg and Elizabeth Warren, accusing them of defaming him to "garner votes in the black community."

Context: Neither the Massachusetts senator nor the former Southbend mayor tweeted his name in the Feb. 5 posts on what would've been the 25th birthday of Trayvon Martin, the unarmed black teen Zimmerman fatally shot in 2012. But Zimmerman alleges they "acted with actual malice" to defame him.