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Exxon investors likely to press for climate change disclosures, change in executive pay

Exxon Mobil Corp. faces a potentially contentious annual meeting next week, with investors considering rebukes for the company’s stances on climate change and executive pay, among other issues.

The Wall Street Journal reported earlier this week that BlackRock Inc. and Vanguard Group are weighing a vote in favor of a proposal that would push Exxon XOM, -0.35% to disclose climate-change risk. Exxon opposes that proposal. The meeting is scheduled for Wednesday.

Other key shareholders, including the California Public Employees’ Retirement System and other large U.S. city and state pension funds, are also urging Exxon to act on those issues, according to data compiled by advocacy group Ceres.

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