Published on: 31 May 2017

Exxon Mobil Corp. shareholders voted in favor of a measure calling for the company to disclose the risks that climate change policies pose to its business. New York State Comptroller Thomas P. DiNapoli...said ...“Climate change is one of the greatest long-term risks we face in our portfolio and has direct impact on the core business of ExxonMobil." Kathy Mulvey, the climate accountability campaign manager at the Union of Concerned Scientists, called Wednesday's vote..."a really strong signal to Exxon Mobil and to other major fossil fuel companies that investors want to see them get serious about a low-carbon future. "Exxon has faced...legal trouble in recent years, including investigations by multiple state attorneys general looking into whether the company lied to the public and its investors about the risks of climate change...[Exxon] CEO David Wood... argued that Exxon has “adequately assessed the potential impacts of future policy developments” and shared those findings with its investors.