Shareholders Want More Climate Change Risk Disclosure

Law360, New York (July 12, 2017, 11:11 AM EDT) -- Shareholders recently voted overwhelmingly to require increased attention to and disclosure of the future impact of climate change on ExxonMobil Corp.'s business expectations.

The vote follows a rocky and contentious 18-month investigation of ExxonMobil by the attorneys general of Massachusetts and New York regarding possible misleading disclosures of ExxonMobil‘s knowledge — or, more aptly, lack thereof — surrounding the expected impacts of climate change on the company's business.

This investigation and shareholder demand comes at an odd time for climate change. The Trump administration's decision to...
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