Stockholders to Environmentalists: Pound Sand


I love investing in oil. Oil companies have a great

strategy that is long term and puts investors on the right path to profitable gains.

Exxon Mobil shareholders recently had their annual meeting. One of the topics that came up for vote was appointing “climate experts” to sit on the companies board. The vote didn’t go very well:

Shareholders of big oil companies overwhelmingly rejected several environmental resolutions including proposals to put climate-change experts on their boards and set goals for greenhouse-gas emissions… gained only 21 percent support.


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