Exxon To Disclose The Real Risk Of Climate Change

13 Dec 2017   Climate

ExxonMobil finally conceded to the multi-year campaign by shareholders and activists to disclose its risk to climate change, a notable departure after years of trying to dismiss the issue. According to a new filing by Exxon to the U.S. Securities and Exchange Commission (SEC), Exxon said that its board “has reconsidered the proposal requesting a report on impacts of climate change policies” by major shareholders at its annual meeting earlier this year. The company will disclose more information regarding “energy demand sensitivities, implications of two degree Celsius scenarios, and positioning for a lower-carbon future,” the company’s filing stated. The pressure from activists and shareholders to disclose more information related to Exxon’s vulnerability to climate change are the latest in a series of headwinds over the past few years, Bloomberg writes. The oil supermajor has also had to contend with its inability to find and replace all of the oil […]

Tags:

Comments are closed.