Commodities and Futures News
ConocoPhillips’ shareholders vote against Scope 3 emissions reduction targets
2022.05.10 17:52
FILE PHOTO: Flags fly outside ConocoPhillips offices in Houston, Texas, U.S., April 30, 2019. REUTERS/Loren Elliott
(Reuters) – Shareholders of oil and gas producer ConocoPhillips (NYSE:COP) on Tuesday did not support a proposal to include Scope 3 greenhouse gas emissions, or those generated by its products, in its emissions reduction targets, according to a preliminary tally of votes on the resolution.
Only 39% of shareholders voted in favor of the motion, according to the tally. Some 92% of shareholders were estimated to have voted in favor of its board of directors.
