Exxon Mobil is facing fresh scrutiny from investors over its climate ambitions at its upcoming AGM next month. Legal and General Investment Management (LGIM) and Christian Brothers Investment Services (CBIS) have co-filed a shareholder resolution, calling on the energy giant to provide more disclosures on potentially stranded assets post-energy transition.
The two investment groups are requesting Exxon’s board reveals whether their asset retirement obligations (ARO) are in line with the International Energy Agency’s (IEA) net zero emissions…Exxon Faces Shareholder Scrutiny Over Unclear Decommissioning Plans
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