Exxon is urged to disclose climate change data it has after being subpoenaed by the New York attorney general for several documents regarding the company’s climate change research. The company was asked to provide extensive financial records, emails and other documents that could provide proof of its prior knowledge of the ill effects of climate change.
The company had previously denied having the ability to predict the impact of the rise in climate change but a recent investigation into the company’s internal operations showed evidence of Exxon having prior knowledge of the ill effects of climate change despite publicly denying this fact.
ExxonMobil shareholders have also asked the company’s management to address its past resistance to actions confronting climate change and have, for the first time, issued a request urging the company to accept some moral responsibility for global warming, which is primarily caused by the very product they are selling.
The Tri-State Coalition, which is representing more than 40 Roman Catholic shareholder organizations that have invested in the oil company, has issued a proposal for Responsible Investment, which would make companies participating to take measures in order to ensure that the global temperature rise would be limited to 2 degrees Celsius, which is the agreed limit.
ExxonMobil shareholders are urging the company to impose measures ensuring that it will limit the rise in global temperatures to the aforementioned 2 degrees and that it will adopt the proposal. Another proposal was issued by the Province of St. Joseph of the Capuchin Order of friars and has suggested that shareholders nominate an individual with knowledge and experience in climate change to the company’s board for a second year.
The company is under scrutiny now more than ever as New York State prosecutors are analyzing data in order to establish what Exxon knew about the global warming issue and how much of that it actually told the public and investors alike. The company will be able to respond to the proposals made by shareholders in an annual meeting it will hold next May.
These suggestions are part of a 25-year campaign meant to get the oil company to limit its emissions of greenhouse gasses, which are the main cause of global warming. Exxon has rejected all of these solutions up until now and Exxon spokesman Scott J. Silvestri has declined to answer questions about the Tri-State proposition, stating that the company will address the issue at its annual shareholder meeting in May.
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