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Artikel

4 Apr 2012

Autor:
Reuters

Exxon shareholder vote on fracking gets SEC nod [USA]

The Securities and Exchange Commission backed a shareholder resolution that will let Exxon Mobil Corp investors vote on requesting a report on the financial risks of the regulatory and community responses to fracking...Resolutions on the risks of hydraulic fracturing, or fracking, received support from 28 percent of shareholders at Exxon's annual meeting last year, and from two-fifths of the shareholders of rival Chevron Corp. An Exxon spokesman noted 72 percent of shareholders rejected the resolution, and that it was the third year such a vote took place. "It's our view that unconventional gas can be developed in a manner that protects health and the environment," he added. Regulators at the Securities and Exchange Commission last week rejected Exxon's request to omit this year's resolution...Concerns around fracking center on the chemicals used and wastewater disposal... [also refers to Ultra Petroleum]