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Exxon, Chevron Face Unprecedented Investor Pressure Over Climate Change Disclosure
May 25, 2016
A month after world leaders came together to sign the historic Paris Agreement, cementing a promise to keep the Earth from warming more than 2 degrees Celsius, a record number of shareholder groups have backed proposals that would require Exxon Mobil and Chevron to say how they would adjust to that reality.
Insurance companies taking too big a risk on fossil fuels, report says
May 25, 2016
The US insurance industry, the country’s second largest institutional investor in oil, gas and coal with $459bn in fossil fuel investments, needs to divest or face serious threats to its financial stability, according to a recent report.