26 May '11, 5pm

Yay! Shareholders ask #oil, #gas companies to report on risks of #fracking

Earlier this week, shareholders of Exxon-Mobil and Chevron voted on resolutions that asked the companies for reports on the environmental and financial risks of hydraulic fracturing (“fracking”). At Chevron, 41% voted in favor and at ExxonMobil, 28% voted in favor. It's important to note that shareholder resolutions are non-binding, so a positive vote with less than a majority can still lead to results. Earlier this month, 49.5% of shareholders of Energen Corporation voted for a similar resolution.

Full article: http://switchboard.nrdc.org/blogs/amall/shareholders_ask_...

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