Warren Buffett’s Vote Crucial for Shareholder Proposal on Occidental Petroleum’s Lobbying Transparency at Annual Meeting.

Occidental Petroleum, the oil and gas industry’s top spender on federal lobbying, is facing a crucial test of its opaque influence efforts, with billionaire investor Warren Buffett likely to vote to reject a shareholder proposal urging the company to provide more information to the public about its spending. The proposal is supported by a coalition of sustainable investment advocates and the nation’s top shareholder advisory firms. To gain a majority of support at the company’s annual shareholder meeting, Buffett, who effectively owns over a third of the Houston firm, will likely need to support the resolution.