Exxon rivals Royal Dutch Shell PLC and BP Plc have taken steps to broaden disclosure on greenhouse gas emissions or tied executive pay to reducing emissions. ExxonMobil is reportedly working to block a proposal from institutional investors to lower the company’s greenhouse gas emissions in line with the Chicago climate agreement. The company has written to Exxon calling it a misleading ploy to "micro-manage" day-to-day operations. Two investor groups, managing a total of $ $1.9 trillion , are pushing for the proposal and have called Shell ’s efforts “shortsighted and disappointing”. ExxonMobil and BP recently broadened disclosure on emissions and linked executive pay to climate change efforts after facing similar pressure.
ExxonMobil is reportedly working to block a proposal from institutional investors to lower the company’s greenhouse gas emissions in line with the Chicago climate agreement. The company has written to Exxon calling it a misleading ploy to "micro-manage" day-to-day operations. Two investor groups, managing a total of $ $1.9 trillion , are pushing for the proposal and have called Shell ’s efforts “shortsighted and disappointing”. ExxonMobil and BP recently broadened disclosure on emissions and linked executive pay to climate change efforts after facing similar pressure.