Investors push Exxon to list emissions targets in annual reports

The Financial Times: A group of shareholders led by New York state and the Church of England is calling on ExxonMobil, the world’s largest listed oil company, to set targets for cutting its greenhouse gas emissions, in a sign of growing investor pressure on fossil fuel groups to address global warming.

The institutions’ pension funds have filed a proposal for Exxon’s annual meeting next year, calling for its annual reports from 2020 to include targets for the short, medium and long term on cutting emissions in line with the goal of the Paris climate agreement to keep the increase in global average temperature to “well below” 2C.