climate scorecard


ExxonMobil refinery in Baton Rouge, LA.

2°C or not 2°C? Unanswered Questions in ExxonMobil’s and Chevron’s Climate Risk Reports

, climate accountability campaign manager

May 9, 2018 9:57 AM EDT

Heading into their annual meetings at the end of this month, both ExxonMobil and Chevron have published reports in response to investor demands that they disclose their plans for a world in which global temperature increase is kept well below two degrees Celsius (2°C) above pre-industrial levels—the target set in the Paris Climate Agreement. Should ExxonMobil and Chevron shareholders be satisfied with these reports? No—and there are indications that some are not. I took a look at these reports, consulted with other UCS experts, and identified four big questions left unanswered. Read more >

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Investors Want Transparency. ExxonMobil Offers Smoke and Mirrors

, climate accountability campaign manager

June 30, 2017 9:03 AM EDT

Yesterday, an industry-led task force issued final recommendations on how companies across all sectors should report on climate-related financial risks. ExxonMobil, which faced a shareholder rebellion on this issue at its annual meeting last month, could have seized the opportunity to welcome the recommendations and commit to improving its own reporting. Instead, the company released its 2016 Corporate Citizenship Report, revealing that ExxonMobil continues to funnel more than $1.5 million to groups that have spread disinformation on climate science and/or seek to block action on climate change. Read more >

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Experts Call For Shareholder Action on Climate Ahead of ExxonMobil and Chevron Annual Meetings

, climate accountability campaign manager

May 30, 2017 3:11 PM EDT

It’s been quite a week in Texas. Last Wednesday, I had the privilege of making opening remarks at an expert panel discussion on climate change and fossil fuel company responsibilities in front of a packed house at Rice University in Houston. The event was held a week ahead of the ExxonMobil and Chevron annual shareholders’ meetings tomorrow in Dallas and Midland, respectively—timed to inform investors about key climate-related proposals to be voted on by shareholders at both companies. Read more >

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Three Steps Shell Can Take for the Climate—and to Earn Public Trust

, climate accountability campaign manager

May 22, 2017 2:43 PM EDT

UCS took an in-depth look at Shell’s climate-related positions and actions for The Climate Accountability Scorecard last year. We found a few bright spots, and we made several recommendations for improvement. Here are three steps company decision makers could take at tomorrow’s AGM to signal that Shell wants to earn the trust of investors, the public, and policy makers. Read more >

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BP Hosts Annual General Meeting Amid Questions on Climate Change

, climate accountability campaign manager

May 16, 2017 6:04 PM EDT

Tomorrow, BP holds its Annual General Meeting (AGM) in London. BP shareholders are gathering at a time of mounting pressure on major fossil fuel companies to begin to plan for a world free from carbon pollution—as evidenced by last week’s vote by a majority of Occidental Petroleum shareholders in favor of a resolution urging the company to assess how the company’s business will be affected by climate change. Read more >

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