Exxon, Chevron Investors Snub Emissions Reduction Proposals (2)

Exxon and Chevron investors have voted down plans to shrink the oil giants’ carbon footprint and redo greenhouse gas emissions calculations that activists say skew the companies’ climate reporting.

Those four climate plans were among 12 shareholder proposals considered by Exxon Mobil Corp. investors and eight such resolutions voted on by Chevron Corp. shareholders at the companies’ annual meetings Wednesday. None secured more than about 36% of investor votes after the companies told shareholders to reject them, according to preliminary results.

Follow This, a climate activist, had resolutions that would have pushed Exxon and Chevron to lower their Scope 3 ...