OCCIDENTAL PETROLEUM CORPORATION | Adopt GHG reduction targets at Occidental Petroleum Corporation

Status
Withdrawn
AGM date
Previous AGM date
Resolution details
Company ticker
OXY
Lead filer
Undisclosed filer
Resolution ask
Set targets or plans
ESG theme
  • Environment
ESG sub-theme
  • Net Zero / Paris aligned
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Energy
Company HQ country
United States
Resolved clause
Shareholders support the Company to include medium-term targets covering the greenhouse gas (GHG) emissions of the Company's energy products (Scope 3) on their pathway to their long-term target, which is net-zero emissions before 2050. To allow maximum flexibility, nothing in this resolution shall serve to micromanage the Company by seeking to impose methods for implementing complex policies in place of the ongoing judgement of management as overseen by its board of directors.
Whereas clause
Occidental has stated that our future depends on a world with lower greenhouse gas (GHG) emissions, and has thus established a pathway to achieve net zero for the GHG emissions of the Company's operations (Scope 1 and 2) before 2040, and net zero for their energy products (Scope 3) before 2050 ('Pathway to Net-Zero', Occidental Climate Report 2020).
Supporting statement
The oil and gas industry is essential to limiting global warming. Therefore, shareholders support oil and gas companies to change course; to align their targets with the goal of limiting temperature increase and invest accordingly in the energy transition to a net-zero-emission energy system.

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