The Missing 60%: ExxonMobil, Forceful Stewardship and the 2°C Business Model Imperative
3 June 2016
The Spring 2016 proxy votes supporting the 2°C stress test resolutions at last week’s Annual General Meetings of ExxonMobil (38.2%) and Chevron (41%) give cause for both celebration – and concern. These votes suggest that key asset managers are recognizing (and others seem to be willfully ignoring) climate risk inherent in the business-as-usual practices of the largest U.S. oil and gas corporations and their downstream value chains. Full article on the Huffington Post.
If you would like to be a signatory to a set of 3 principles based on the concepts laid out in this article and summarised here, please see the principles here and send your name and title to missing60 at preventablesurprises dot com.