"Institutions managing $6 trillion in assets plan to back a call for U.S. oil major ExxonMobil to disclose the impact of climate change policy on its business, one of the organizers of the vote said On Tuesday.
The Church Commissioners for England, which co-filed the shareholder proposal with the New York State Comptroller Thomas P. DiNapoli, as Trustee of New York State Common Retirement Fund, said more than 30 large investors had signed up so far.
The resolution asks Exxon to disclose how resilient its portfolio and strategy would be under a globally agreed plan to restrict global warming to 2 degrees, as agreed in Paris in December."
Simon Jessop reports for Reuters April 12, 2016.
Source: Reuters, 04/13/2016
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