Investors Asking Where Oil Companies Stand on Climate Policy After Paris Deal

摘要

Shareholders are asking a familiar question at Exxon Mobil Corp. and 10 of its oil and gas industry peers this proxy season-to explain what they are doing and saying to affect climate policy-and hoping for a different result. Lobbying efforts by oil companies and their trade associations have long been the target of criticism from environmentalists who say they are obstructing policy action on climate change. And for years, like-minded shareholders have tried, mostly unsuccessfully, to persuade companies such as Exxon, Chevron, ConocoPhil-lips and Occidental Petroleum to acknowledge their influence over such policies and consider how a changing policy environment could affect their profitability.