Article 2RCVZ Shareholders force ExxonMobil to come clean on cost of climate change

Shareholders force ExxonMobil to come clean on cost of climate change

by
Dominic Rushe in New York
from Environment | The Guardian on (#2RCVZ)

'Historic' vote by nearly two-thirds of shareholders will force annual 'stress test' to measure how regulation will affect assets

ExxonMobil, the world's biggest oil company, was compelled by shareholders to be more open about the impact of climate change on its business in a "historic" surprise vote on Wednesday.

The public rebuke came as Donald Trump reportedly prepared to pull out of the Paris climate accord, the agreement forged by close to 200 countries to address climate change.

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