It’s all a bit weird. After a shareholder vote, Exxon again finds itself in the unaccustomed position of being out ahead of the US government on climate change action.
At the company’s AGM yesterday, shareholders agreed to force the company to disclose the impacts of stringent climate policy on its business model. Exxon’s management were against the move.
The resolution doesn’t actually require Exxon to take action to cut its emissions. It just says the company must tell investors how the value of its business might be affected if the world really started to take climate policy seriously.