Exxon Mobil Corp. director Michael J. Boskin is being opposed for re-election. A group of institutional investors including California Treasurer Bill Lockyer, Connecticut Treasurer Denise L. Nappier, California Controller John Chiang and corporate governance expert Robert A.G. Monks is calling on shareholders to withhold votes on Mr. Boskin, chairman of Exxon Mobils public issues committee, over climate change issues, according to statements by members of the group.
The group is holding Mr. Boskin accountable for the boards refusal to meet with leading investors to discuss the companys potential exposure from climate change and the companys failure to take needed short-term actions to reduce its greenhouse gas emissions and expand its renewable energy investments, one of the statements said.
Also, the group is urging shareholders to vote in favor of proposals asking the company to set specific greenhouse gas reduction goals and significantly increase its spending on renewable energy the statement said.
Gantt Walton, Exxon Mobil spokesman, couldnt be reached. Exxon Mobils annual meeting is May 30.