Exxon Mobil Corp on Monday said it would publish new details about how climate change could affect its business in a move aimed at appeasing critics and forestalling another proxy fight next year. The company’s board originally opposed providing shareholders with a report outlining the potential impact of global warming on Exxon’s long-term outlook. Thomas P. DiNapoli, New York state’s comptroller, heads one the two lead sponsors of a shareholder resolution calling for Exxon to issue a climate-impact report. Exxon faces investigations by the Massachusetts and New York attorneys general into whether it has misled the public and investors by soft-pedaling climate change risks. Exxon has described the probes as politically motivated and intended to force it and others to change their positions on climate change.

Source: New Strait Times December 12, 2017 00:45 UTC