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U.S. SEC directs ConocoPhillips, Occidental to hold shareholder votes on emissions targets: FT

Published 03/20/2021, 06:17 PM
Updated 03/20/2021, 06:20 PM
© Reuters. FILE PHOTO: FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door

(Reuters) - The U.S. Securities and Exchange Commission has directed ConocoPhillips (NYSE:COP) and Occidental Petroleum Corp (NYSE:OXY) to hold shareholder votes on far-reaching new emissions targets, the Financial Times reported on Saturday.

The SEC denied requests from both oil companies that they be allowed to throw out shareholder motions that would force them to lay out detailed plans for cutting their so-called "Scope 3" emissions, those from the burning of their products by customers, the FT report added.

Latest comments

The Issue : Greed vs. LIFE.
I love oil and so do you so dont be a hipocrite. Drive your car, get on the plane and go to Walmart and buy the things that got there by truck.....🤥
Been there, done that. Now, I know better. (Sure. The temptation IS great.)
I wish I was holding stock so I could vote America first.
You dont need stock for that.
So ignorant!! How's an oil company supposed to control how their fuel is used after they sell it?
yes ignorant you are, the oil companies can refine most if not all the major pollutants out of the fuels before they supply them to their customers.
where there is a will there is a way....
After four years of these establishemnt corrupt politicians being slowed, everything is back to normal now thats Trump is gone... and then you have incompetent individuals who are blind to this.
Yes, back to normal.... wrecking the economy and America last. Joy!!!
Bring back president Trump, Joe, is a JOKE, OF A PRESIDDNT!
You mean "Trump", the most incompetent president in modern history. Who watched cable news & tweeted all day? Because oh whom America had the highest # of Covid cases in the world. You mean that pathological liar "Trump"? You are better off bringing a donkey and it will do a better job.
But, History. Let Us BUILD now.
Trump is not president. All of the hate and vile remarks are not going to help or improve Joe's health. He bombed a country and couldn't remember where or when he bombed a country. Trump is not president. Biden, who cannot talk, walk, remember and think. Tweet from Chuck Callesto:BREAKING REPORT: Midland Texas Migrant Facility currently without VIABLE OR USABLE WATER for is detainees of which 10 % have TESTED POSITIVE for Coronavirus..From Governor Abbott:The Biden Admin. has turned a humanitarian crisis into a complete disaster. One location where migrants are housed has no clean running water & has a massive Covid outbreak. Another location also has a massive Covid outbreak. They were unprepared for open border policies. There should be your concern as that is current created by current president.
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