SHAREHOLDERS at US super-major ExxonMobil voted 52% in favour of the board of directors seeking an audited report assessing climate scenarios that were laid out by the International Energy Agency (IEA) on the company's business. The IEA Net Zero 2050 Roadmap report anticipates there will be no need for investments in new fossil fuel projects, and envisages oil prices dropping to as low as $36 per barrel by 2030 and $24 per barrel by 2050. The proposal, submitted by Christian Brothers Investment Services (CBIS), claims ExxonMobil's financial statements are not as transparent as its competitors when it comes to addressing the future of fossil fuels in the energy transition.
展开▼
