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Stock impact report

First Nation Takes Fight With Oil-Sands Giant to Shareholders [Financial Post (Toronto, Ontario, Canada)]

Imperial Oil Limited (IMO) 
NASDAQ:AMEX Investor Relations: imperialoil.ca/en-ca/company/investors
Company Research Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — An indigenous community in Alberta's oil-sands region submitted a proposal to Imperial Oil Ltd. shareholders that would require the company to disclose the financial effect of the energy transition. Athabasca Chipewyan First Nation's proposal, scheduled to be voted on Tuesday at Imperial's shareholder meeting, would require the company to determine the effects of different transition scenarios on its asset-retirement obligations, including future reclamation costs. The proposal is being made on behalf of shareholder Leanne Baer. Article content Article content The proposal was drafted after wastewater seeped from a tailings area and a wastewater pond in May 2022 and February 2023 at Imperial's Kearl oil-sands mine. Local indigenous communities criticized the company for failing to adequately disclose the nature of the spills until months after t Show less Read more
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