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Shareholder proposals to limit fossil-fuel financing fail to gain traction at 3 major banks

Utility Dive · Anna Hrushka · last updated

Shareholders at Citi, Wells Fargo and Bank of America voted down climate change proposals at their respective annual general meetings Tuesday. Citi’s proposal, which would have limited the bank from lending and underwriting new oil and gas projects, garnered 12.8% of the vote.

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