Exxon Defuses Green Critics With Risk-Disclosure Promises
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Exxon Mobil Corp., a lightning rod for environmental activists since the Valdez oil spill a quarter-century ago, is appeasing some of its harshest critics by agreeing to disclose internal risk and cost assessments.
Shareholders of the world’s second-largest corporation by market value will vote on just one environmental resolution on May 28, according to a proxy filing today. That’s after Irving, Texas-based Exxon convinced activist investors to withdraw two proposals dealing with greenhouse gas restrictions and hydraulic fracturing.