The Missing 60%: ExxonMobil, Forceful Stewardship and the 2°C Business Model Imperative

The Missing 60%: ExxonMobil, Forceful Stewardship and the 2°C Business Model Imperative l Huffpost Green

by Bill Baue, June 2, 2016

The Spring 2016 proxy votes supporting the 2°C stress test resolutions at last week’s Annual General Meetings of ExxonMobil (38.2%) and Chevron (41%) give cause for both celebration - and concern. These votes suggest that key asset managers are recognizing (and others seem to be willfully ignoring) climate risk inherent in the business-as-usual practices of the largest U.S. oil and gas corporations and their downstream value chains.