ExxonMobil shareholders to raise heat on global warming

[AnOhioan]

Source: Agence France-Presse

WASHINGTON (AFP) - A group of ExxonMobil shareholders, including large public US pension funds, said Wednesday they planned to raise the heat on oil giant ExxonMobil over its climate change policies.

The investors, who include the California State Teachers Retirement System (CalSTRS) and the New York City Employees Retirement System among others, said they would seek to reform ExxonMobil's position on global warming at the annual shareholder meeting on May 30.

"ExxonMobil's go-slow approach on renewables, its resistance to a strong national climate policy and its campaign to muddy the waters on climate science is troubling to investors," said California state controller and CalSTRS board member John Chiang.

The investors told reporters on a conference call that they plan to seek the removal of Michael Boskin, the head of ExxonMobil's Public Issues Committee, from the board of directors of the world's largest oil company.



Read more: http://news.yahoo.com/s/afp/20070523/bs_afp/uscompanyexxonmobil_070523200924

[BrklynLiberal]

1. THAT would be quite an accomplishment!! Good luck to them.

[Orsino]

2. Are they willing to settle for smaller dividends...

...or are they just making green noises while they continue to profit from our oil addiction?

[Uncle Joe]

3. This is a positive development.

Thanks for the thread AnOhioan.

Kicked and recommended