Massey Global Warming Proposal Defeated

by | May 23, 2007

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Massey Energy Co. shareholders rejected the proposal that asked the coal company to explain its response to mounting pressure for limits on carbon dioxide emissions, AP reports.

New York City Comptroller William Thompson Jr. argued that Massey is unprepared if carbon dioxide emissions are restricted.

Massey’s board of directors argued that the company is preparing for the possibility and is investing in technology to capture CO2.

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