TheStreet: ExxonMobil dealt "watershed" blow as climate change proposal wins majority backing

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An activist shareholder proposal seeking to have ExxonMobil (XOM)  produce a report on the impacts of "technological advances" and "climate change policy" on its oil and gas reserves received the backing of a majority of participating shares at the company's annual meeting Wednesday, a major blow to the energy behemoth and one that suggests it will need to respond in some way in the coming weeks.  

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Carbon Asset RiskArjuna CapitalBaldwin Brothers, Carbon Asset Risk, climate change, ExxonMobil, New York State Common Retirement Fund, Rex Tillerson, Russia, TheStreet, XOM