http://seekingalpha.com/article/1468831-exxonmobil-corporation-ceo-hosts-annual-shareholder-meeting-transcript?part=single ExxonMobil Corporation CEO Hosts Annual Shareholder Meeting (Transcript) May 29 2013, 18:13 | | about: Sections of ExxonMobil AGM with interaction between Michael Crosby, the Corporate Responsibility Agent of the Province of St. Joseph of the Capuchin Order and Rex Tillerson, CEO of ExxonMobil PRESENTATION OF SHAREHOLDER PROPOSALS SECTION OF THE MEETING Rex Tillerson The Board recommends a vote against this proposal as outlined on pages 69 and 70 of the proxy statement. The next shareholder proposal calls for a report on natural gas production and is shown on pages 70 and 71 of the proxy statement. I understand that Fr. Michael Crosby will present the proposal. Fr. Crosby? Michael Crosby Again good morning Mr. Tillerson and shareholders. My name is Michael Crosby, a I’m Capuchin Franciscan friar from Milwaukee and representing the New York City Controller I’m John Liu. It holds 11.3 million shares and As You Sow Foundation and seven other co-filers. The resolution is asking ExxonMobil to provide quantitative data on its efforts to safeguard the environment from its hydraulic fracturing or fracking operations. You against it can see it’s not but let's be sure that we are dealing with all the different potential risks. as you are well aware from reading the paper. Hydraulic fracturing operations use millions of gallons of water and chemicals and as a result generate substantial amounts of wastewater and air emissions. At times these emissions have been linked to significant air and water pollution and human and health and even livestock harm in some places. In addition, because of the infrastructure that is needed, there is road damage, higher costs of living, sky riding, sky-rocketing housing costs in places like North Dakota that just can’t support it. So, to address these environmental and social impacts, restrictions or moratoria have been passed on natural gas extraction and hydraulic fracturing activities that limit business and impose a wide range of costs on companies from the cost of delay to complete loss of access to valuable resources, materially impacting our holdings. So, in New York and Pennsylvania alone which sit at top the Marcellus Shale, more than 200 municipalities have passed bans or restrictions that limit hydraulic fracturing. Outside the United
http://seekingalpha.com/article/1468831-exxonmobil-corporation-ceo-hosts-annual-shareholder-meeting-transcript?part=single ExxonMobil Corporation CEO Hosts Annual Shareholder Meeting (Transcript) May 29 2013, 18:13 | | about: Sections of ExxonMobil AGM with interaction between Michael Crosby, the Corporate Responsibility Agent of the Province of St. Joseph of the Capuchin Order and Rex Tillerson, CEO of ExxonMobil PRESENTATION OF SHAREHOLDER PROPOSALS SECTION OF THE MEETING Rex Tillerson The Board recommends a vote against this proposal as outlined on pages 69 and 70 of the proxy statement. The next shareholder proposal calls for a report on natural gas production and is shown on pages 70 and 71 of the proxy statement. I understand that Fr. Michael Crosby will present the proposal. Fr. Crosby? Michael Crosby Again good morning Mr. Tillerson and shareholders. My name is Michael Crosby, I’m a Capuchin Franciscan friar from Milwaukee and I’m representing the New York City Controller John Liu. It holds 11.3 million shares and As You Sow Foundation and seven other co-filers. The resolution is asking ExxonMobil to provide quantitative data on its efforts to safeguard the environment from its hydraulic fracturing or fracking operations. You can see it’s not against it but let's be sure that we are dealing with all the different potential risks. as you are well aware from reading the paper. Hydraulic fracturing operations use millions of gallons of water and chemicals and as a result generate substantial amounts of wastewater and air emissions. At times these emissions have been linked to significant air and water pollution and human and health and even livestock harm in some places. In addition, because of the infrastructure that is needed, there is road damage, higher costs of living, sky riding, sky-rocketing housing costs in places like North Dakota that just can’t support it. So, to address these environmental and social impacts, restrictions or moratoria have been passed on natural gas extraction and hydraulic fracturing activities that limit business and impose a wide range of costs on companies from the cost of delay to complete loss of access to valuable resources, materially impacting our holdings. So, in New York and Pennsylvania alone which sit at top the Marcellus Shale, more than 200 municipalities have passed bans or restrictions that limit hydraulic fracturing. Outside the United
2013AGMXOMCrosbyTillersonExchanges.docx