BlackRock switch helps pass ‘historic’ climate measure at Occidental

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BlackRock Inc said on Friday that it voted in favor of a successful shareholder proposal calling for more climate change reporting by Occidental Petroleum Corp , in the first sign the world’s largest asset manager was backing up its tough new talk on environmental matters. Backers of the resolution called its passage a major victory, the first time such a measure succeeded at a major U.S. oil and gas company. Proponents said they were pleased by BlackRock’s support, which they had sought.

May 14, 2017 at 10:00PM

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