“We believe that our desire to see reporting on how Exxon Mobil’s business would fare were warming to be restricted to 2 degrees Celsius is widely shared in the institutional investor community,” Edward Mason, head of responsible investment for the Church of England The New York State Comptroller and four other Exxon Mobil shareholders have asked the US Securities and Exchange Commission to force the oil producer to include a climate change resolution in its annual shareholder proxy. The move intensifies the tension between the world's largest publicly traded oil company and a growing number of investors concerned that climate change or legislation designed to curb it will harm Exxon's ability to operate profitably. In an open letter sent on Monday, the five shareholders, who are all from California, said they were "alarmed by recent statements made by ExxonMobil" about global warming. New York City officials have also launched efforts to force greater climate disclosure from Exxon.
The New York State Comptroller and four other Exxon Mobil shareholders have asked the US Securities and Exchange Commission to force the oil producer to include a climate change resolution in its annual shareholder proxy. The move intensifies the tension between the world's largest publicly traded oil company and a growing number of investors concerned that climate change or legislation designed to curb it will harm Exxon's ability to operate profitably. In an open letter sent on Monday, the five shareholders, who are all from California, said they were "alarmed by recent statements made by ExxonMobil" about global warming. New York City officials have also launched efforts to force greater climate disclosure from Exxon.