Shareholder pressure mounts on downgraded ExxonMobil

Aviva among latest investors to declare support for climate change resolution at next month's AGM, reports Climate Home

A growing list of major investors is backing calls on ExxonMobil to acknowledge climate risk, after its credit rating was downgraded on Tuesday.

British insurer Aviva and Seattle's public pension fund are among the latest to declare their support for a shareholder resolution to be considered at next month's AGM. California's CalPERS, New York City Pension Fund and the Church of England are also in favour.