Last week the world listened as Donald Trump announced, “We are out,” proclaiming the U.S. withdrawal from the Paris climate accord. Such a move might create inertia for some companies and investors if they see it as evidence that “business as usual” is now the most likely climate scenario.
ExxonMobil’s Shareholder Vote Is a Tipping Point for Climate Issues
Investors won’t settle for the status quo.
June 07, 2017
Summary.
Last week, ExxonMobil shareholders passed a resolution calling on the world’s biggest publicly listed energy company to disclose the impact on its business under a 2-degree scenario. The vote, which occurred the same week that Donald Trump announced the U.S. would withdraw from the Paris climate accord, sent a strong signal that climate change is an important financial risk and that shareholders want to know more about what companies are doing to transform their operations and products to remain competitive in a low-carbon world.