Big Investors Want Exxon to Explain How It Will Face Climate Change Policy

Big Investors Want Exxon to Explain How It Will Face Climate Change Policy l Fortune

By: Reuters, April 12, 2016

  • Institutions managing $6 trillion in assets plan to back a call for U.S. oil major ExxonMobil to disclose the impact of climate change policy on its business, one of the organizers of the vote said on Tuesday. The resolution asks Exxon to disclose how resilient its portfolio and strategy would be under a globally agreed plan to restrict global warming to 2 degrees, as agreed in Paris in December.