The U.S. Securities and Exchange Commission has ruled Exxon Mobil must include a climate change resolution on its annual shareholder proxy...If approved, the proposal would force Exxon to outline specific risks that climate change or legislation designed to curb it could pose to its ability to operate profitably...Exxon had argued that the proposal was vague and that it already publishes carbon-related information for shareholders...The SEC found those reports do not go far enough...“We’ll be communicating the board’s recommendations on shareholder resolutions through the proxy document next month,” Exxon spokesman Alan Jeffers said...Environmentalists cheered the SEC’s decision.“The SEC has rejected Exxon’s attempt to silence investors’ concerns about the very real financial risks associated with climate change,” said Shanna Cleveland of Ceres, a nonprofit group that tracks environmental records of public companies...