Exxon

Investing in an Ocean Economy

Article

by Arturo Tabuenca, founder of Blue Marble Investments and EarthFolio 

How Sustainable Investing and Shareholder Activism Can Save Our Oceans

New Analysis Reveals Stark Disparities in Emissions Intensity Between Major Oil and Gas Operators

Press Release

June 3, 2021 /3BL Media/ - A first-of-its-kind analysis from Ceres and the Clean Air Task Force provides investors, operators, natural gas purchasers, policymakers and regulators with the data needed to directly compare relative emissions intensity and total reported methane, carbon dioxide, and nitrous oxide emissions for nearly 300 U.S. oil and gas producers. The results reveal dramatic variability between companies and basins.

In Stunning Vote, Shareholders Elect Two New Directors Put Forth by Shareholders at ExxonMobil, Seeking Climate Expertise and Action

Chevron shareholders reach majority vote for a proposal calling for Scope 3 emissions reduction targets
Press Release

In a dramatic shake up signaling an accelerating transition away from a fossil fuel economy, a majority of ExxonMobil shareholders voted to replace two of the oil major’s board of directors with an alternative slate of candidates experienced in clean energy and energy transitions. 

Two directors were elected from the slate nominated by climate activist shareholder Engine No. 1: Gregory Goff, former CEO of Andeavor oil refining company and Kaisa Hietala, former executive vice president of renewable products at Neste. 

At Annual Meeting, Chevron Investors Achieve Historic Majority Vote on Paris-Aligned Climate Lobbying

Summary: 

BlackRock, world’s largest asset manager, sends sharp message to ExxonMobil board over poor climate risk governance, immediately issues vote bulletin

Press Release

BlackRock, world’s largest asset manager, sends sharp message to ExxonMobil board over poor climate risk governance, immediately issues vote bulletin

At Exxon, a Failure of Governance on Climate Risk

Blog

“If some companies and industries fail to adjust to this new world, they will fail to exist.”

How Exxon Taught Me That Shareholders Can Change the World

Blog

by Gabe Rissman Co-Founder and President, YourStake.org 

I rose to the podium, looked Exxon then-CEO Rex Tillerson in the eye, and spoke. “Why does Exxon fund climate-denying organizations, when you publicly support a carbon tax?” Tillerson deflected the question at the time: “we would never impinge on ALEC’s free speech.” D’oh. Two years later, in July 2018, Exxon ceased funding ALEC, the climate change denying organization I highlighted.

New Exxon Report Is a Step Forward for Investor Disclosure on Climate Change, but Falls Short on Detail

Press Release

February 5, 2018 /3BL Media/ - A new climate report released by ExxonMobil, which explores the risks the company would face in a low-carbon transition, represents “a significant step forward for institutional investors who have long engaged with the company on climate change but falls short on key details,” Andrew Logan, director oil and gas at Ceres, said today in a statement.

The report, 2018 Energy & Carbon Summary, “adopted a whole new climate-related frame,” Logan added, “providing the clearest accounting yet of how Exxon is—and is not—planning for a low-carbon future.”

The Politics of Energy: Change or Be Changed

How Clean Energy Can Save the Economy
Article

by Carole Laible, Chief Executive Officer, Domini Social Investments

Human nature often resists change. We struggle with moving from familiar surroundings to new, unknown territories. Yet, when it comes to the greatest single challenge we face today, our resistance to change will surely cause massive, uncontrollable, and unforeseeable changes.

Ceres Statement on the Occidental Shareholder Vote

Press Release

BOSTON - Momentum is building in the U.S. for better climate disclosure. Investors and analysts continue to send strong signals that Paris marked a turning point on climate action. On Friday, Occidental Petroleum announced the results of voting on a 2 degree stress testing resolution at its annual meeting, and yet again the votes represented a high-water mark on investor support for climate risk reporting in the U.S. reaching 48.99% of votes cast.

Pages

Subscribe to Exxon