Exxon is trying to block an investor initiative seeking to force the supermajor to commit to a reduction in harmful emissions, two of these investors told Reuters. The company, the Financial Times reported earlier, had written to the Securities and Exchange Commission calling the investor initiative misleading and saying it was trying to “micro-manage” the business. The investors whose spokespeople talked to Reuters about Exxon’s letter to SEC were the endowment fund of the Church of England and the New York State pension fund. “Trying to strike out a shareholder proposal from institutional investors with a fiduciary responsibility to manage climate risk is an outdated reflex,” an official for the Church of England fund said in a statement. “Exxon is trying to deny shareholders’ right to vote on a significant climate risk concern,” the New York State Comptroller and manager of the state’s pension fund, Thomas DiNapoli, said. DiNapoli […]