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Article

22 May 2017

Author:
Ross Kerber, Reuters (UK)

Ahead of Exxon's annual meeting, climate activists gain ground

[Shareholder climate activists] ranging from giant New York and California state pension funds to Wespath Investment Management of Illinois scored a number of victories this month [including] a resolution at PPL Corp...[and] Occidental Petroleum Corp...Edward Kamonjoh, executive director of the 50/50 Climate Project in Washington...said actions by U.S. President Donald Trump like the dismantling of Obama-era climate policies may have moved big investors to take on a more active role..."Investors who feel that climate is a risk now realize they just have themselves to manage this risk in the next few years," [refers to: PPL Corporation, Occidental Petroleum, BlackRock, Chevron, Anadarko]