ConocoPhillips shareholders back proposal to set Scope 3 targets

Reuters – A majority of shareholders at U.S. oil and gas producer ConocoPhillips on Tuesday voted in favor of setting emissions reduction targets that include the use of the company’s fuels. The shareholder measure passed by 58%.

“Conoco cannot ignore this request from its shareholders,” said Mark van Baal, founder of shareholder advocacy group Follow This, which submitted the proposal.

“More and more investors recognize that the oil and gas industry can make or break the goals of the Paris Climate Agreement,” he added.

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