Climate-change fears prompt CIS rebellion at Exxon

Author: Terry Macalister, Guardian [UK], Published on: 24 May 2005

A major British institutional investor will tomorrow oppose the re-election of Lee Raymond as chief executive of ExxonMobil on "ethical grounds" at its annual meeting...Co-operative Insurance Society (CIS) [part of Co-operative Group]...says the...company talks down links between man-made CO2 emissions and climate change...Exxon...has always said that its critics misunderstood its position..."We recognise that the risk of climate change and its potential impacts on society and ecosystems may prove to be significant, and these are issues we take seriously," an Exxon spokesman said...

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Related companies: Co-operative Insurance Society (part of Co-operative Group) ExxonMobil