Exxon Mobil Corp. shareholders will vote on eight proposals, including one from the $26.7 billion New York City Teachers' Retirement System regarding possible human rights abuses in Indonesia's Aceh region and one by Christian Brothers Investment Services on climate change. Exxon Mobil's annual meeting is May 25.
The New York City fund wants the Irving, Texas-based company to report to shareholders on its security arrangements with the Indonesian government and private security forces, taking into considering "potential financial and reputational risks incurred by the company as a result of these relationships," according to the proposal.
The Christian Brothers proposal asks the company to make available research data relevant to its "stated position on the science of climate change."
Exxon Mobil opposes both proposals, according to statements from the company, in part because it objects to human rights abuses and has been a stabilizing force in the Indonesian region, and also because it already "provides a brief synopsis of the complex, interrelated set of issues and disciplines relevant to climate change" on its website.