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Oil giants dealt blows on climate change

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Exxon Mobil Corp., Chevron Corp. and Royal Dutch Shell were dealt a series of blows on Wednesday within the space of a few hours.

Exxon Mobil was defeated by an upstart shareholder seeking to shake up the company’s board to make the company more environmentally friendly.

Chevron investors instructed the company to reduce greenhouse gas emissions, and a Dutch court ordered Royal Dutch Shell to slash emissions by 45%.

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