NEW YORK CITY – March 20, 2014 – In response to a shareholder resolution, Exxon Mobil (XOM) – the largest U.S. energy company, for the first time ever has agreed to publish a
Carbon Asset Risk report on the Company website describing how it assesses the risk of stranded assets from climate change. The report will provide investors with greater transparency into how ExxonMobil plans for a future where market forces and climate regulation makes at least some portion of its carbon reserves unburnable.
Or not as the case may be!!!
Big Coal has been joined by Big Oil in the firing line.