ExxonMobil is reportedly working to block a proposal from institutional investors to lower the company ’s greenhouse gas emissions in line with the Paris climate agreement . The company has complained to the US Securities and Exchange Commission calling it a misleading ploy to " micro - manage " day - to - day operations . Two investor groups , managing a total of $ 1.9tn , are pushing for the proposal and have described BP ’s efforts “ shortsighted and disappointing ” . Shell and BP recently broadened focus 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 Paris climate agreement. The company has written to the US Securities and Exchange Commission calling it a misleading ploy to "micro-manage" day-to-day operations. Two investor groups, managing a total of $1.9tn, are pushing for the proposal and have called Exxon’s efforts “shortsighted and disappointing”. Shell and BP recently broadened disclosure on emissions and linked executive pay to climate change efforts after facing similar pressure.