S&P Global: US oil, gas companies face new shareholder push for climate change reports

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Arjuna Capital LLC investment manager Natasha Lamb called the SEC's Exxon decision "disturbing, a threat to shareholders' rights" that worries managers of funds oriented toward environmental, social and governance goals.

Exxon's most recent climate change report, issued only after 62% of Exxon shareholders overruled the board at the 2017 annual meeting, disappointed Lamb, but she said April 3 that she was not surprised. "Exxon left the risks out of its risk report," Lamb said. "This company is not going to change."

 

Read the story at S&P Global Market Intelligence.

Carbon Asset Risk, Shareholder EngagementArjuna CapitalCarbon Asset Risk, Chevron, climate change, CVX, Exxon, ExxonMobil, S&P Global, shareholder activism, XOM