Imperial Oil challenged on water risk

CALGARY — Shareholders of Imperial Oil Ltd. are being asked to support motions to force it to be more transparent about its water-related risks from pollution and climate change, as well as its lobbying activities and expenditures. The oil and gas company has placed the motions on the agenda for its annual general meeting in Calgary on April 27, but is recommending shareholders vote against both because it says it already provides enough transparency. In a filing, Imperial says its public disclosures about water risk provide the “necessary transparency,” and its compliance with lobbying laws means its activities are already reported publicly in associated lobbying registries.