"Shareholders of Exxon Mobil Corp., the world's largest publicly traded oil producer, voted down resolutions calling on the company to take steps toward reducing emissions linked to global warming.
All three environmental initiatives on the ballot at Exxon Mobil's annual meeting yesterday in Dallas received less than 30-per-cent support, according to preliminary results released by the company.
Two of the proposals were made by shareholder Christian Brothers Investment Services Inc., which wanted Exxon Mobil to estimate the investment needed to curb climate change associated with use of petroleum-based fuels. Christian Brothers also called on Exxon Mobil to explain any reservations its scientists have with climate-change findings by an international panel.
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The third environmental proposal was made by Milwaukee-based Province of St. Joseph of the Capuchin Order, which called on Exxon Mobil to compile a report outlining how the company plans to comply with new emissions limits in countries that have adopted the Kyoto Protocol."
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