Exxon Investors to Company: Make Climate Curb Fallout Public

CEO Woods sees crude oil surviving Paris-driven carbon limits Vote comes amid reports U.S. to abandon Paris Climate Pact Exxon Mobil Corp. investors, in a split with the company, urged the explorer to publish a detailed analysis on how carbon curbs could affect the value of its oil fields, refineries and pipelines. The non-binding measure, backed by shareholders including the California Public Employees ’ Retirement System and the Church of England investment fund, comes amid reports President Donald Trump may soon abandon the 2015 Paris Climate Accord. More than 60 percent of voters approved the resolution during Exxon’s annual general meeting in Dallas on Wednesday. The vote was “an unprecedented victory for investors in the fight to ensure a smooth transition to a low-carbon economy,” New York State Comptroller Thomas P. DiNapoli said in a statement. “Climate change is one of the greatest long-term risks we face in our […]

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