Guest essay by Eric Worrall
An activist shareholder push to force Exxon to include climate risks in their company reports has spectacularly backfired: Exxon has demonstrated that there is no threat to their business, for the foreseeable future.
Exxon Studies Climate Policies and Sees ‘Little Risk’ to Bottom Line
By BRAD PLUMER and HIROKO TABUCHIFEB. 2, 2018
WASHINGTON — In one sign of the pressures that companies face to understand the business risks of stricter climate-change policies, one of the world’s biggest energy companies on Friday offered its thoughts on how it would fare in a low-carbon world.
Exxon Mobil’s shareholders — concerned that the company’s main businesses, oil and natural gas, may be imperiled — had demanded last year that the company give a more detailed accounting of the consequences of global policies aimed at curbing emissions of earth-warming gases. Those policies include the goal of the Paris climate…
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