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David Fickling

Funds Fire Up Real Climate Change

Major money managers are voting in favor of shareholder environmental resolutions.
Photographer: David McNew/Getty Images

Forget President Donald Trump's planned Rose Garden announcement Thursday of his policy on the Paris climate accord. The more important decision happened in a Dallas concert hall, with far less fanfare, the previous day.

More than 60 percent of shareholders in Exxon Mobil Corp. backed a resolution calling for the world's biggest publicly traded oil company to disclose how technological advances and action on climate change could affect its portfolio of assets.