Shareholders of the nation’s largest oil and gas company are beginning to have concerns about the long-term environmental impact of the corporation’s operations.
As a result, Exxon has agreed to disclose carbon emissions estimates and details on how it plans on operating under the risk of potential climate regulations. Social responsibility investment firm Arjuna Capital filed the request through a partnership with shareholder responsibility advocacy group As You Sow. It marks the first time Exxon has ever agreed to such disclosure or received such a request.
Oil and Gas Giant Exxon Agrees to Its First Carbon Risk Disclosure