Arrow-right Camera
News >  Business

Exxon says it will increase climate-change disclosures

The sign for the Exxon Mobil Torrance Refinery in Torrance, Calif. (Associated Press)
The sign for the Exxon Mobil Torrance Refinery in Torrance, Calif. (Associated Press)

DALLAS – Exxon says it will give more details about how climate change could affect its business.

The oil giant said in a brief regulatory filing Monday that in the near future – it didn’t give a date – it will disclose potential changes in demand and implications of policies designed to limit global warming to two degrees Celsius. Policies to cap emissions of heat-trapping carbon dioxide could reduce demand for oil.

At Texas-based Exxon Mobil Corp.’s annual meeting in May, the company opposed a similar resolution by a New York state retirement fund. The measure was backed by holders of 62 percent of Exxon shares. The company says it reconsidered and sought comments from proponents and major shareholders.


Subscribe to the Morning Review newsletter

Get the day’s top headlines delivered to your inbox every morning by subscribing to our newsletter

There was a problem subscribing you to the newsletter. Double check your email and try again, or email webteam@spokesman.com

You have been successfully subscribed!