The report illustrates that Canadian asset managers are doing well with regards to responsible investment strategies but there needs to be better alignment.
Imperial Oil shareholders defeat shareholder motion to set net-zero emission target
by The Canadian Press
Last Updated May 4, 2021 at 2:58 pm EDT
CALGARY Imperial Oil Ltd. investors have voted 86 per cent to defeat a shareholder resolution that it adopt a target to achieve net-zero carbon emissions by 2050.
But the vote held during the Calgary-based company’s virtual annual meeting exposes a rift between its parent, U.S. giant Exxon Mobil Corp., which owns 69.6 per cent of Imperial, and its other shareholders, as the company noted 58 per cent of the shares not held by Exxon were voted in favour of the resolution.
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CALGARY - Imperial Oil Ltd. investors have voted 86 per cent to defeat a shareholder resolution that it adopt a target to achieve net-zero carbon emissions by 2050.
Imperial Oil logo at the company s annual meeting in Calgary on April 28, 2017. THE CANADIAN PRESS/Jeff McIntosh
CALGARY - Imperial Oil Ltd. investors have voted 86 per cent to defeat a shareholder resolution that it adopt a target to achieve net-zero carbon emissions by 2050.
But the vote held during the Calgary-based company s virtual annual meeting exposes a rift between its parent, U.S. giant Exxon Mobil Corp., which owns 69.6 per cent of Imperial, and its other shareholders, as the company noted 58 per cent of the shares not held by Exxon were voted in favour of the resolution.
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