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Exxon Mobil must give shareholders climate vote, regulator rules

2016-03-24 11:51:00| Climate Ark Climate Change & Global Warming Newsfeed

Climate Home: The US Securities and Exchange Commission has ordered Exxon Mobil to give shareholders a vote on how it discloses climate risk data. The oil major had sought to block a shareholder resolution that would make it reveal how climate action could hit its profits. Exxon argued it already gave enough information. That was overruled by the regulator, as explained in a letter dated Tuesday 22 March. It found Exxon was not doing as much as investors including New York State`s pension fund and the Church...

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