ISS backs call for emissions reductions targets at Occidental Petroleum

2022.04.25 17:13

FILE PHOTO: The Occidental Petroleum Corp headquarters is pictured in Los Angeles, California September 16, 2013. REUTERS/Mario Anzuoni/File Photo

(Reuters) – Top proxy adviser Institutional Shareholder Services recommended Occidental Petroleum Corp (NYSE:OXY) investors vote in favor of a shareholder proposal calling for the energy company to set and publish emissions reductions targets.

In a report sent by a spokesman on Monday ISS said “investors would benefit from additional information on interim steps the company is taking to meet its long-term net-zero by 2050 target and how it plans to allocate capital in line with that goal.”

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