ISS backs call for ConocoPhillips to set emission cuts

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ISS backs call for ConocoPhillips to set emission cuts
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Top proxy adviser Institutional Shareholder Services recommended investors vote for a shareholder resolution calling on ConocoPhillips to set emissions reduction targets, according to a paper provided by an ISS representative on Thursday.

Flags fly outside ConocoPhillips offices in Houston, Texas, U.S., April 30, 2019. REUTERS/Loren Elliott/File PhotoBOSTON, April 28 - Top proxy adviser Institutional Shareholder Services recommended investors vote for a shareholder resolution calling on ConocoPhillips

to set emissions reduction targets, according to a paper provided by an ISS representative on Thursday. The measure, opposed by management, is closely watched after the company did not fully implement a similar proposal that won a majority of support from investors last year.

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