Exxon Says It Will Increase Climate-Change Disclosures

DALLAS (AP) — Exxon says it will give more details about how climate change could affect its business.

The oil giant said in a brief regulatory filing Monday that in the near future — it didn't give a date — it will disclose potential changes in demand and implications of policies designed to limit global warming to two degrees Celsius. Policies to cap emissions of heat-trapping carbon dioxide could reduce demand for oil.

At Texas-based Exxon Mobil Corp.'s annual meeting in May, the company opposed a similar resolution by a New York state retirement fund. The measure was backed by holders of 62 percent of Exxon shares. The company says it reconsidered and sought comments from proponents and major shareholders.

- Sponsors -

Exxon shares rose 21 cents to $83.24 in trading Tuesday morning.

Digital Sponsors / Become a Sponsor

Follow the issues, companies and people that matter most to business in New Orleans.

Email Newsletter

Sign up for our email newsletter