Shareholders seeking corporate disclosures on climate risk won an important decision from the U.S. Securities and Exchange Commission against energy producer Chevron Corp. this week, but they are asking the SEC to reconsider a recent ruling against them that went in favor of another energy company, Exxon Mobil Corp.
The SEC said, in a decision released Tuesday, that California-based Chevron cannot exclude shareholders’ climate risk proposals from the ballot at the company’s annual meeting. Chevron’s attorney, Elizabeth Ising of Gibson, Dunn & Crutcher, did not return messages seeking comment, and the company declined to comment.
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