© Reuters. FILE PHOTO: FILE PHOTO: The Securities and Exchange Commission logo adorns an office door
(Reuters) – The US Securities and Exchange Commission has ordered ConocoPhillips (NYSE 🙂 and Occidental Petroleum Corp (NYSE 🙂 to hold shareholder votes on sweeping new emissions targets, the Financial Times reported on Saturday.
The SEC denied both oil companies' motions to filing shareholder motions that would force them to come up with detailed plans to reduce their so-called "Scope 3" emissions from the burning of their products by customers, the FT added.
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