Investors in Big Oil are becoming more and more vocal about the negative effects of the industry on the planet. No longer is it just about profits. Investors are demanding that some of the biggest companies in the oil industry reduce emissions to help mitigate climate change. As a result, Big Oil has succumbed to the pressure and is beginning to release climate scenarios and set indicative emission-cutting targets. Some of the biggest oil and gas companies—including European majors BP, Shell, and Total, and even U.S. supermajor ExxonMobil— favor carbon pricing in America, as a group of major companies, also from outside the oil industry, said last year. Exxon has recently pledged US$1 million to back the campaign for introducing a carbon tax in the United States, but is it enough? Exxon and other oil companies’ support last year to put a price on carbon in the United States […]