Oil sector, investors react to SEC probe of Exxon over climate change

September 26, 2016 by California Carbon

(Source: The Wall Street Journal) A recent probe by the US Securities and Exchange Commission on how oil major Exxon calculates climate impacts to its assets has been regarded by many investors as a potentially transformative moment for US companies. The SEC requires companies to disclose the total impact of climate change and its regulations to long term investors and has taken aim at Exxon for failing to meet the minimum standards of disclosure. Whilst defenders of the probe have described it as a ‘witch hunt,’ citing the companies size as reason for its target, investors in the field believe the investigation could be a catalyst for how other companies disclose their climate risks in the future. Read full article…

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