(Matthias Clamer) Fueled by Conscience Sister Patricia Daly (in navy suit) and some members of her other other — of concerned shareholders.
By DASHKA SLATER
Published: August 12, 2007
Daly’s order, the Sisters of Saint Dominic of Caldwell, N.J., owns about 300 of the 5.5 billion Exxon Mobile shares outstanding, but she has used those few shares to keep the company talking about an issue that it would just as soon ignore.
In a few weeks’ time, the company’s millions of shareholders would be able to vote on a resolution she wrote, which asked ExxonMobil to set a firm date for reporting on its progress to reduce greenhouse-gas emissions from both its operations and its products. The board opposed the resolution, as it did each and every one of the 20 resolutions related to climate change submitted over the past 10 years, but Henry wasn’t calling to debate the issue. That had already been done, ad nauseam, in countless meetings and phone calls between representatives of the company and its dissident shareholders, and it would be done again at the annual meeting on May 30. This was a courtesy call. read more
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