ExxonMobil Corp. shareholders are being urged to back two climate-related resolutions, including one co-sponsored by the $17 billion Connecticut Retirement Plans & Trust Funds, Hartford. In a proxy solicitation mailing to 3,500 investors, representing 60% of ExxonMobils shareholders, Denise Nappier, Connecticut treasurer, urged support for the resolution. It calls for a report on the potential financial risks associated with climate change and how the company plans to mitigate those risks.
ExxonMobil, Irving, Texas, said in its proxy response that the company "has long realized that climate change poses important issues for our business and it conducts "scientific, technical and economic research on climate change and proposed response options.
The companys annual meeting is May 28 in Dallas.