Analysis-Big Oil gets investor reprieve as energy worries trump climate concerns

Published by
Reuters

By Ross Kerber and Simon Jessop BOSTON/LONDON (Reuters) – Big Oil has enjoyed an easier ride at shareholder meetings so far this year compared with last year’s punishing run of hostile investor votes tied to climate concerns, as those issues have been eclipsed by tight oil supplies. Major oil companies have handily defeated several high-profile climate resolutions brought by shareholder activists in the current run of annual general meetings. Investors’ more supportive stance coincides with a surge in energy prices in the wake of Russia’s invasion of Ukraine and follows the efforts of many com…

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