ExxonMobil shareholders rebel on climate costs

Original article by Steven Mufson
The Australian Financial Review – Page: 27 : 2-Jun-17

ExxonMobil shareholders have voted in favour of a motion that requires the oil and gas company to disclose the impact that measures aimed at addressing climate change are having on its business model. Thomas Napoli, of the New York Common Retirement Fund, which co-sponsored the motion, says that climate change is one of the biggest "long-term risks" to investments within its portfolio. BlackRock and State Street Global Advisors are both understood to have voted in favour of the motion. Originally published in "The Washington Post".

CORPORATES
EXXONMOBIL CORPORATION, NEW YORK COMMON RETIREMENT FUND, BLACKROCK INCORPORATED, STATE STREET GLOBAL ADVISORS INCORPORATED, THE VANGUARD GROUP INCORPORATED, BP PLC, TOTAL SA, CONOCOPHILLIPS, ROYAL DUTCH SHELL PLC

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