Exxon Decision Shows Growing Climate Clout Of Investors

Law360, New York (March 21, 2014, 7:34 PM EDT) -- ExxonMobil Corp.'s agreement to disclose how it evaluates the climate change risks of its energy assets is a rare, significant victory for shareholder activists that experts say will encourage investors to press energy companies harder to address their climate concerns and lead more companies to cooperate.

Arjuna Capital, the sustainable wealth management platform of investment firm Baldwin Brothers Inc., and As You Sow, an environmental corporate responsibility advocacy group, said Thursday that in response to a shareholder resolution it filed, ExxonMobil will post a carbon asset...
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