Exxon, Chevron Face Unprecedented Investor Pressure Over Climate Change Disclosure

Exxon, Chevron Face Unprecedented Investor Pressure Over Climate Change Disclosure l International Business Times

by Owen Davis, May 24, 2016

  • Climate-conscious investors are preparing to deliver two top U.S. energy companies an unprecedented rebuke at annual shareholder meetings Wednesday.

    A month after world leaders came together to sign the historic Paris Agreement, cementing a promise to keep the Earth from warming more than 2 degrees Celsius, a record number of shareholder groups have backed proposals that would require Exxon Mobil and Chevron to say how they would adjust to that reality.