Exxon bows to shareholder demands and agrees climate change report
Energy giant ExxonMobil has given in to pressure from investors and campaigners, and says it will begin to report on the impact of climate change on its business.
ExxonMobil, the US energy giant, has bowed to shareholder pressure and will publish a report on the impact of climate change on the company's business.
In a regulatory statement made yesterday, Exxon said the board had reconsidered a proposal from the New York State Common Retirement Fund, and will push ahead with a climate change statement.
Exxon said: "Consistent with ExxonMobil’s corporate governance guidelines, the company’s board of directors has reconsidered the proposal requesting a report on impacts of climate cha
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