October 15, 2019 7:00 AM EDT
Update 10/31/2019: Adds new final paragraph
Today, the Union of Concerned Scientists (UCS) and ten other organizations that engage with businesses on environmental issues are setting new standards for corporate leadership on science-based climate policy.
Published as an open letter in The New York Times, the framework includes three essential actions that businesses serious on climate action must take: Read more >
June 10, 2019 9:22 AM EDT
Fossil fuel companies knew they were damaging the planet—and spent millions to mislead the public. Is the law about to catch up with them? Read more >
June 4, 2019 2:56 PM EDT
Before entering ExxonMobil’s annual meeting in Dallas last week, shareholders had to pass local activists holding a 100-foot-long banner with the message “Climate Crisis: #ExxonKnew—Make Them Pay.” I attended the meeting for the fourth year in a row and was not surprised that, once inside, shareholders wanted a voice in the company’s handling of climate change issues. ExxonMobil blocked them from voting on shareholder proposals specifically about climate change, so they used every opportunity to express their discontent with the company’s climate action. Despite the spin that shareholders “rejected” the climate-related proposals, the results are actually a vote of no-confidence in how ExxonMobil’s leadership is addressing climate change.
April 2, 2019 2:42 PM EDT
Today, Royal Dutch Shell published its Industry Associations Climate Review, delivering on a promise made late last year to leading institutional investors who are concerned about climate change. Shell’s review follows a similar report published by BHP in late 2017, and raises the transparency bar for fossil fuel industry competitors and their trade groups. Read more >
January 31, 2019 10:03 AM EDT
The release of ExxonMobil’s 2019 Outlook for Energy and its 2019 Energy and Carbon Summary may come as early as this week. Published in response to shareholder demands, the 2018 Energy and Carbon Summary was supposed to disclose the company’s plans for a world in which global temperature increase is kept well below two degrees Celsius (2°C). Drawing on UCS’s 2018 Climate Accountability Scorecard and our ongoing engagement with the company, here are four things to expect—and one thing not to expect—in ExxonMobil’s 2019 Energy and Carbon Summary.
