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Thursday, June 20, 2019 — Houston, TX 95°

Taylor Morin



OPINION 8/24/17 9:50pm

Committee needed for responsible investment

This May, 62 percent of ExxonMobil shareholders voted in favor of the company reporting the impacts of climate change on its business. In 2016, shareholders of Fluor, a major global engineering firm with over $19 billion in annual revenue, voted to require the company to formally report all of its political contributions. Yet, due to the $5 billion Rice University endowment’s sole focus on investment-picking, had it been an investor in either of these companies, it would have abstained from these votes, a de facto vote against these proxy resolutions for positive social change.