“We got a lot of phone calls from oil and gas companies that said, ‘I guess I should start paying attention to this now,’” said Travis Wofford, chair of the Houston corporate practice at Baker Botts LLP. “‘You’ve been telling us for years.”
Climate-activist shareholders in May won three seats on the Exxon Mobil board, and Chevron shareholders that same month approved a resolution requiring the company to cut emissions from its customers. The ...