Investors Press Oil Industry to Oppose Trump Methane Rollbacks
- Exxon, Chevron, BP are among companies targeted by letter
- Proposed EPA rule would ease requirements to repair leaks
Photographer: F. Carter Smith/Bloomberg
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Exxon Mobil Corp., Chevron Corp. and BP Plc are being pressed by investors with $1.9 trillion in assets under management to resist the Trump administration’s efforts to roll back Obama-era methane rules.
The Interfaith Center on Corporate Responsibility sent a letter to 30 oil and natural gas explorers on behalf of 61 investors urging the companies to publicly declare their support for regulating methane emissions and oppose the Environmental Protection Agency’s proposal to weaken existing rules.