ExxonMobil, the largest US oil and gas producer, has said that it will publish new information about its exposure to climate change risks, in an attempt to prevent a new proxy fight in 2018. The company made the announcement in a filing to US securities regulators on Earlier this year. Exxon’s board had previously opposed providing such information to shareholders. Monday, 62% of shares voted in the company’s annual meeting backed a resolution demanding Exxon produce a yearly report on such exposure. Exxon is currently under investigation for whether it misled the public and investors over climate change risks.
ExxonMobil, the largest US oil and gas producer, has said that it will publish new information about its exposure to climate change risks, in an attempt to prevent a new proxy fight in 2018. The company made the announcement in a filing to US securities regulators on Monday. Exxon’s board had previously opposed providing such information to shareholders. Earlier this year, 62% of shares voted in the company’s annual meeting backed a resolution demanding Exxon produce a yearly report on such exposure. Exxon is currently under investigation for whether it misled the public and investors over climate change risks.