AGM date
Previous AGM date
Proposal number
Resolution details
Company ticker
Submitted by
Resolution ask
Strengthen board oversight of issue
ESG theme
  • Environment
ESG sub-theme
  • Net Zero / Paris aligned
Type of vote
Director vote
Filer type
Company sector
Company HQ country
United States
Supporting materials
  • Majority action_director votes Occidental.pdf Download
Whereas clause
The Church Commissioners and Majority Action have expressed their intention to vote AGANST proposal 1 (director elections) at Occidental's upcoming 2023 AGM.
Supporting statement
Majority Action is recommending investors vote against directors responsible for climate oversight, including board leadership, for failure to set adequate net zero targets reducing greenhouse gas emissions, fully realign investment plans to limit warming to 1.5°C, and/or ensure alignment of policy influence activities with 1.5°C pathways.

Due to the company’s FAILURE to:
● Commit to reducing its GHG emissions to net zero by 2050 without excessively relying on offsets and negative emissions,
● Align its future capital allocation with limiting warming to 1.5°C, and
● Commit to conduct all of its lobbying in line with the goals of the Paris Agreement, including aligning its industry association memberships and activity;

Vote are recommended AGAINST:
● Jack B. Moore, Chairman of the Board (95.62% FOR), and
● Andrew Gould, Chair of the Sustainability and Shareholder Engagement Committee (95.77% FOR).

For more details, acess: https://www.proxyvoting.majorityaction.us/
The Church Commissioners, which manages the Church of England’s £10bn endowment fund, will vote against all directors at the upcoming AGM of Occidental in response to their failure to meet climate change objectives.

“High energy prices produced huge profits at oil and gas companies last year – a golden opportunity to invest very significantly in the transition to a low carbon economy, and one that was comprehensively missed,” said Olga Hancock, Acting Head of Responsible Investment at the Church Commissioners. “So we will be supporting all the relevant climate resolutions, and voting against all of their directors.”

For more details, access https://www.churchofengland.org/media-and-news/press-releases/church-commissioners-vote-against-directors-exxon-occidental-shell

DISCLAIMER: By including a shareholder resolution or management proposal in this database, neither the PRI nor the sponsor of the resolution or proposal is seeking authority to act as proxy for any shareholder; shareholders should vote their proxies in accordance with their own policies and requirements.

Any voting recommendations set forth in the descriptions of the resolutions and management proposals included in this database are made by the sponsors of those resolutions and proposals, and do not represent the views of the PRI.

Information on the shareholder resolutions, management proposals and votes in this database have been obtained from sources that are believed to be reliable, but the PRI does not represent that it is accurate, complete, or up-to-date, including information relating to resolutions and management proposals, other signatories’ vote pre-declarations (including voting rationales), or the current status of a resolution or proposal. You should consult companies’ proxy statements for complete information on all matters to be voted on at a meeting.