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Study Shows ExxonMobil Lagging Competitors on Climate Change
Jan 27, 2011
ExxonMobil now admits global warming is real and poses risks but the company has not yet taken steps - such as meaningful alternative energy investments - that would demonstrate that ExxonMobil is managing the risks to its shareholders and capturing the opportunities posed by climate change, according to a new report issued today by Ceres.
Ceres Praises AIG as First U.S. Insurer To Adopt Climate Change Policy
Jan 27, 2011
Ceres, a national coalition of investors and environmental groups, praised AIG, the world's largest insurer, for becoming the first U.S.-based insurance company to adopt a policy to manage the risks and capture the business opportunities posed by climate change. AIG unveiled the new policy on May 15. Ceres has been seeking improved U.S. insurance industry practices on climate change through the Investor Network on Climate Risk, a group of 50 institutional investors that manage nearly $3 trillion in assets.