18:13:04 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



Imperial Oil Ltd
Symbol IMO
Shares Issued 584,152,718
Close 2023-04-28 C$ 69.06
Market Cap C$ 40,341,586,705
Recent Sedar Documents

Globe says Imperial Oil targeted for its Kearl spill

2023-05-01 08:29 ET - In the News

The Globe and Mail reports in its Monday edition that British Columbia Investment Management is expressing its displeasure with Imperial Oil's handling of the toxic spill at the Kearl oil sands site by voting against two directors for re-election, including chief executive officer Brad Corson. The Globe's David Milstead writes that BCI says it is voting against Mr. Corson because it wants to hold him accountable for "a lack of risk oversight that led to major controversies related to tailings integrity and engagement with indigenous communities." BCI also voted against Miranda Hubbs, chairman of the community collaboration and engagement committee, for what BCI believes is "a lack of oversight that led to major controversies related to insufficient engagement with indigenous communities." Since Exxon Mobil owns nearly 70 per cent of Imperial Oil's shares, the company's seven directors will be re-elected at the company's annual meeting Tuesday, no matter BCI's opposition. BCI has placed a shareholder proposal on Tuesday's ballot asking for an audited report estimating the cost for Imperial to shut down all of its fossil-fuel assets under a Net Zero by 2050 scenario created by the International Energy Agency.

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