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More than one in four shareholders of Exxon Mobil Corp. supported a resolution Wednesday demanding more disclosure about the energy giant’s oil sands holdings, the largest protest to date over the amount of information available regarding the multi-billion dollar energy projects.
About 26.4% of investors at Exxon’s annual general meeting in Dallas voted in favour of shareholder motion asking the company to produce a report detailing the financial risks associated with the oil sands projects. The board recommended investors shoot down the proposal.
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