Description: Request for no-action response from SEC regarding shareholder proposal requesting disclosure of climate change-related information.
Rule 14a-8 No-Action Request to SEC from Exxon Mobil Corp. Regarding Shareholder Proposal Submitted by As You Sow et al.
Filing Date Type File Action Taken Summary 03/23/2016 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 Resolutions. The United States Securities and Exchange Commission (SEC) issued a letter to Exxon Mobil Corporation (ExxonMobil) advising the company to include a proposal submitted in its shareholder proxy materials that would, if approved, require the company to provide additional information to investors about climate change risks. In its letter, the SEC said that ExxonMobil could not omit a proposal asking the company to “quantify and report to shareholders its reserve replacements in British Thermal Units, by resource category, to assist the company in responding appropriately to climate change induced market changes.”