Chevron Shareholders Approve Climate Lobbying Proposal

Chevron Shareholders Approve Climate Lobbying Proposal
AP Photo/Paul Sakuma, file

Chevron shareholders voted Wednesday to approve a proposal requiring additional climate-related lobbying disclosures by the giant energy company, marking a major victory for climate activists.

The proposal adopted at the annual meeting requests that Chevron's board of directors issue a report within the next year describing how the company's lobbying activities "align with the goal of limiting average global warming" to a level prescribed by the Paris climate accord, according to the proxy statement.

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