Shareholders ask oil and gas companies to report on risks of fracking
Posted May 26, 2011
Earlier this week, shareholders of Exxon-Mobil and Chevron voted on resolutions that asked the companies for reports on the environmental and financial risks of hydraulic fracturing (“fracking”). At Chevron, 41% voted in favor and at ExxonMobil, 28% voted in favor. It's important to note that shareholder resolutions are non-binding, so a positive vote with less than a majority can still lead to results.
Earlier this month, 49.5% of shareholders of Energen Corporation voted for a similar resolution.