If you've no account register here first time
User Name :
User Email :
Password :

Login Now

Exxon to Publish Carbon Emissions Risk

ExxonMobilExxon Mobil became the first oil and gas producer to agree to publish risks that stricter emissions limits would have on its business, according to a shareholder group.

The New York Times reported that Arjuna Capital and advocacy group As You Sow extracted that concession, with that information provided by the end of the month. The groups will withdraw a resolution seeking that information from the company’s annual meeting.

The shift is a sign of a growing acceptance among investors and companies that the value of fossil fuel assets may be out of line with evolving policies on global warming, according to the Times.

Exxon Mobil also agreed to say how restrictions on carbon emissions would affect future investments and how the restrictions may affect the value of those projects. The agreement comes after similar one pursued and won by Ceres with electric company FirstEnergy.

In the 2013 proxy season, shareholder submissions grew more than 6 percent compared with the previous year, with environmental and social proposals representing the largest category, at just fewer than 40 percent, according to a report from Ernst & Young.


Six Steps to Navigating EHS & Compliance
Sponsored By: UL EHS Sustainability

Just the Facts: 8 Popular Misconceptions about LEDs & Controls
Sponsored By: Digital Lumens

Embrace Big Data
Sponsored By: UL EHS Sustainability

GHS Label Guide
Sponsored By: VelocityEHS


One thought on “Exxon to Publish Carbon Emissions Risk

  1. Couldn’t this have an unintended consequence of shareholders fighting carbon regulation even harder once they see a negative impact on shareholder value? And that transparency could result in a perception that limits on emissions would have a stifling effect on the economy rather than creating an opportunity for clean energy.

Leave a Comment

Translate »