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Exxon Mobil's (XOM) CEO Rex Tillerson Hosts Annual Shareholder Meeting (Transcr... Page 11 of 25
around the issue of climate change and other issues. And they were forthcoming. We had disagreements on some
agreements on other. But that was in December and you all know we've been here before, our ongoing issue is that the
company isn't doing enough to address the crisis around climate change.
Now that was December. In March the intergovernmental panel on climate change, of which this company has part in it, said in
effect first paragraph climate change is already having sweeping effects on every continent and throughout the world's ocean.
Scientists reported Monday. That was in March. Then earlier this year, I mean earlier this month, the Congress of the United
States issued a mandated report where it's more of the same in fact the world is at the door.
The effects of human induced climate change are being felt in every corner of the United States, scientists reported Tuesday.
Our concern is that the directors, if they have too many outside responsibilities aren't going to be able to address the crisis we
are now in. Crisis is here. The world is at the door, every one of us is going to have to find creative ways to deal with how do
we mitigate the risks? Even the company has said, it's going to do that. So for this reason I urge support of this resolution so
that all our efforts can find alternative ways to keep that low from blown down the house.
Rex Tillerson - Chairman and Chief Executive Officer
Thank you. The board recommends the vote against this proposal as outlined on page 64 of the proxy statement. The next
shareholder proposal deals with an amendment to the corporations EEO policy and has shown on Pages 64 and 65 of the
proxy statement. I understand that Michael Crosby will present this proposal.
Fr. Michael Crosby
Again I am Michael Crosby, Capuchin Franciscan. I am here on behalf of the New York State Common Retirement Fund to
urge you to support the resolution of the New York State Common Retirement Fund, which holds 12,987,000 shares of Exxon
Mobil. It believes the companies have a competitive a competitive advantage in recruiting and retaining employees from the
widest pool of talent and the discrimination based on non-job related criteria can lead to less efficient business operations. It
say over the last seven year a number of major U.S. corporations including a large majority of the Fortune 500 have agreed to
add formal and explicit commitments to buy our discrimination based on sexual orientation and gender identity to their
employee policy statement, partly say Exxon Mobil unfortunately is not one of these Fortune 500 companies.
The New York State Common Retirement Fund believes that Exxon Mobil has changed its policy and joined with the
overwhelming majority of major U.S. corporations and supporting both human rights and more efficient business operations.
And therefore on its behalf I submit the resolution to prohibit discrimination based on sexual orientation and gender identity
filed in the proxy materials.
Rex Tillerson - Chairman and Chief Executive Officer
Thank you the board recommends a vote against this proposal as outlined on pages 65 and 66 of the proxy statement. The
next shareholder proposal calls for a report on lobbying and has shown on pages 66 and 67 of the proxy statement. I
understand Mr. Shawn Gilchrist will present the proposal.
Shawn Gilchrist
Our shareholders, we encouraged transparency and accountability in the use staff time and corporate funds to influence
legislation and regulation both directly and indirectly. Absent a system of accountability, company assets could be used for
objectives contrary to Exxon Mobil's long-term interests. Exxon Mobil spent approximately $30 million in 2011 and 2012 on
direct federal lobbying activities. These figures do not include lobbying expenditures to influence legislation in states. Exxon
Mobil lobbied at state level with at least 286 lobbyists in 35 states between 2003 and 2011.
Exxon Mobil is listed as a member of the American Petroleum Institute and CEO, Rex Tillerson is a member of the Business
Roundtable. In 2011 and 2012, the Business Roundtable spent more than $31 million on lobbying. Exxon Mobil does not
disclose its memberships in, or payments to, trade associations, or the portions of amounts used for lobbying.
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