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 . Reporting by Suzanne Barlyn; Editing by Cynthia Osterman 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 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 .