Shareholders of major US oil and gas companies ExxonMobil and Chevron have rejected proposals to do more against climate change. The proposals were rejected by a large majority of the shareholders present.
For example, it was a resolution to set up a management committee for climate change. This proposal received less than 10 percent of the votes. Moreover, both companies had advised shareholders to vote against these proposals. ExxonMobil and Chevron are under increasing pressure from investment funds, among others, to do more to counter the climate change.
Another proposal that was rejected was the split of the position of CEO at ExxonMobil and Chevron. A chairman of the board of those companies still has an executive and supervisory role combined.