Description: Request for no-action response from SEC regarding shareholder proposal to increase the total amount authorized for capital distributions to shareholders as a prudent response to the climate change-related risks of stranded assets.
Rule 14a-8 No-Action Request to SEC from Exxon Mobil Corp. Regarding Shareholder Proposal Submitted by Arjuna Capital
Filing Date Type File Action Taken Summary 03/23/2016 Letter Download SEC declined to reconsider position that shareholder proposal could not be excluded and declined to refer to Commission for review. 03/14/2016 Letter Download SEC said it could not concur that shareholder proposal could be excluded. SEC Advised ExxonMobil to Allow Shareholders to Vote on Climate Change Resolution. The United States Securities and Exchange Commission (SEC) issued a letter to Exxon Mobil Corporation (ExxonMobil) advising it to include a proposal in shareholder proxy materials that would, if approved, require ExxonMobil to take actions to address climate change risks. The SEC said that ExxonMobil should include a proposal to increase the total amount authorized for capital distributions to shareholders as a prudent response to the climate change-related risks of stranded assets.