Blog Archives
ExxonMobil Yields To Pressure On Fracking, Agrees To Disclose Risks
INTERNATIONAL BUSINESS TIMES – April 4, 2014 – Exxon Mobil Corp. (NYSE:XOM), bowing to shareholder and popular pressure, has agreed to disclose more about the risks associated with its use of hydraulic fracturing, commonly known … MORE
Exxon Agrees to Disclose Fracking Risks
THE WALL STREET JOURNAL – April 3, 2014 – Exxon Mobil Corp. agreed to publicly disclose more details on the risks of hydraulic fracturing of oil and gas wells, reversing a long-held resistance after negotiations … MORE
Exxon Mobil Agrees to Share More Data on Fracking’s Risks
REUTERS – April 3, 2014 – Exxon Mobil Corp, the world’s largest publicly traded oil company, has agreed to disclose more information about the environmental risks of hydraulic fracturing, the process known as fracking.
RELEASE: NYC Comptroller Stringer and As You Sow Reach Agreement with ExxonMobil on Fracking Disclosure
AS YOU SOW PRESS RELEASE – April 3, 2014 – ExxonMobil has agreed to provide increased transparency about how it manages the environmental and community risks associated with its hydraulic fracturing and production practices in … MORE
Exxon: Highly Unlikely World Limits Fossil Fuels
THE WASHINGTON POST – March 31, 2014 – On the same day the world’s climate scientists issued its latest report on climate change and the risks it poses to society, the nation’s biggest oil and … MORE
Exxon Sees Little Climate Change Risk to Assets
REUTERS – March 31, 2014 – Exxon Mobil Corp, the world’s largest publicly traded oil company, said on Monday that risks related to climate change pose little risk to its oil and gas reserves because … MORE
Exxon Warns Global Warming Targets ‘Unlikely’ to be Met
FINANCIAL TIMES – March 31, 2014 – ExxonMobil, the US oil group, said it was “highly unlikely” that the world would cut greenhouse gas emissions sufficiently to keep global warming within the internationally agreed limit … MORE
RELEASE: Shareholders: ExxonMobil Takes Crucial Step of Acknowledging Carbon Asset Risk … But More Is Needed
AS YOU SOW PRESS RELEASE – March 31, 2014 – In a much-anticipated report to shareholders today on stranded carbon asset risk, ExxonMobil expressed the view that there is limited basis for concern.
Exxon Mobil Gets Serious About Climate Risk
CNN MONEY – March 25, 2014 – ExxonMobil (XOM), America’s largest energy company, funded global warming denial groups for years. Now it has agreed to release a report by the end of March that details … MORE
Exxon Mobil’s Commitment to Carbon Asset Risk is Just the Beginning
THE GUARDIAN – March 24, 2014 – As ExxonMobil bows to pressure to report on its preparations for climate regulation, campaigners want investors to recognize that extractors may be forced to leave oil and gas … MORE
Exxon Mobil Agrees to Report on Plans For Low-Carbon Future, Carbon Risks
BLOOMBERG BNA – March 21, 2014 – Exxon Mobil Corp. has agreed to publish a report describing its plans for a future in which market forces and stricter climate regulation may leave some of its … MORE
RELEASE: Landmark Agreement with Shareholders: ExxonMobil Agrees to Report on Climate Change & Carbon Asset Risk
AS YOU SOW PRESS RELEASE – March 20, 2014 – In response to a shareholder resolution, Exxon Mobil (XOM) – the largest U.S. energy company, for the first time ever has agreed to publish a … MORE
Exxon Agrees to Disclose Its ‘Carbon Risk’
THE WALL STREET JOURNAL – March 20, 2014 – Exxon Mobil Corp. has agreed to disclose how the regulation of car- bon emissions could affect the value of its oil and gas holdings, a sign … MORE
Exxon Agrees to Detail Carbon Asset Risks – Activists
REUTERS – March 20, 2014 – ExxonMobil Corp will report on how it views the risks climate change could pose to the value of its assets, shareholder activists said on Thursday.
In Shift, Exxon Mobil to Report on Risks to Its Fossil Fuel Assets
THE NEW YORK TIMES – March 20, 2014 – Energy companies have been under increasing pressure from shareholder activists in recent years to warn investors of the risks that stricter limits on carbon emissions would … MORE
ExxonMobil – Hydraulic Fracturing – 2014
Shareholders request the Board of Directors to report to shareholders using quantitative indicators by December 31, 2014, and annually thereafter, the results of company policies and practices, above and beyond regulatory requirements, to minimize the … MORE
ExxonMobil – Carbon Bubble – 2014
Shareholders request Exxon Mobil prepare a report by September 2014, omitting proprietary information and prepared at reasonable cost, on the Company’s strategy to address the risk of stranded assets presented by global climate change, including … MORE
Investor Group Demands Fossil Fuel Companies Disclose Carbon Asset Risk
REUTERS – February 12, 2014 – A group of investors with combined assets of over $200 billion filed shareholder resolutions on Wednesday with ten energy companies, including Exxon Mobil and Southern Co, demanding they disclose … MORE
RELEASE: Shareholders Target Companies’ Failure to Measure and Reduce Impacts of Hydraulic Fracturing
AS YOU SOW PRESS RELEASE – February 4, 2014 – ExxonMobil, Chevron, EOG Resources, Occidental Petroleum, and Pioneer Resources received shareholder resolutions from a coalition of investors concerned about the lack of reported progress in … MORE
Shareholders Protest Fracking Risks
FINANCIAL ADVISOR – February 4, 2014 – A coalition of shareholders announced Tuesday that it has filed resolutions against five major oil and gas companies protesting the companies’ lack of reported progress in mitigating the … MORE
Exxon, BP Among Explorers Urged to Disclose More Fracking Data
BLOOMBERG – November 7, 2013 – North American shale explorers led by Exxon Mobil Corp. (XOM) and BP Plc (BP/) are failing to disclose enough data on how they’re reducing risks associated with hydraulic fracturing, … MORE
Exxon – Hydraulic Fracturing – 2010
Onshore “unconventional” natural gas production requiring hydraulic fracturing, which injects a mix of water, chemicals, and particles underground to create fractures through which gas can flow for collection, is estimated to increase by 45% between … MORE
A Different Kind of Climate Change
Historically, environmental and social shareholder proposals have failed to resonate with most investors. According to Proxy Monitor’s data from 2008 to 2010, the most likely resolutions to gain shareholder approval have related to relatively straightforward … MORE
RELEASE: ExxonMobil and Chevron Shareholders Pressure Companies to Come Clean on Fracking
As You Sow Press Release
RELEASE: Investors to Challenge ExxonMobil and Chevron to Disclose and Minimize Environmental & Community Impacts of Fracking
As You Sow Press Release
RELEASE: SEC Overrules ExxonMobil’s Attempt to Block Shareholder Resolution on Fracking
As You Sow Press Release
Exxon Shareholder Vote On Fracking Gets SEC Nod
Press Coverage
Exxon’s Fracking Gag Makes Chesapeake Look Good
Press Coverage
Fracking at Top of Chevron, Exxon Meetings
Press Coverage
RELEASE: Shareholders Push Fracking Companies to Manage and Measure Their Impacts
As You Sow Press Release
RELEASE: ExxonMobil Shareowners Deliver Strong Call for Fracking Data
As You Sow Press Release
Rationale for Backing ExxonMobil Fracking Motion Set Out by Investor Groups
RESPONSIBLE INVESTOR – Shareholder advocacy group As You Sow, supported by the Investor Environmental Health Network (IEHN) and fund manager Green Century Capital Management, has issued a detailed rationale for supporting its shareholder proposal on … MORE
Chevron, Exxon Investors Sustain Calls For Fracking Disclosure
Press Coverage
ExxonMobil – Hydraulic Fracturing – 2011
Shareholders request that the Board of Directors prepare a report by October 2011, at reasonable cost and omitting confidential information such as proprietary or legally prejudicial data, summarizing: 1) Known and potential environmental impacts of Exxon Mobil’s … MORE
ExxonMobil – Hydraulic Fracturing – 2012
Shareholders request that the Board of Directors prepare a report to investors by September 2012, at reasonable cost and excluding confidential or legally prejudicial data, on the short‐term and long‐term risks to Exxon Mobil operations,finances … MORE
ExxonMobil Fracking 2013
Shareholders request the Board of Directors to report to shareholders by October 30, 2013, and annually thereafter, using multiple quantitative indicators,the results of company procedures and practices, above and beyond regulatory requirements,to minimize any adverse … MORE
ExxonMobil
ExxonMobil Corporation is an American multinational oil and gas corporation. It is the world’s third largest company by revenue and the second largest publicly traded company by market capitalization. New Proxy Resolution Urges ExxonMobil to … MORE
Frack Attack: Shareholders Demand More Disclosure
MOXY VOTE – May 27, 2011 – On Wednesday this past week, ExxonMobil (XOM) and Chevron (CVX) shareholders voiced their opinion about the companies’ hydraulic fracturing practices.
Exxon Facing Questions about Natural Gas Push
ASSOCIATED PRESS – May 25, 2011 – Exxon Mobil Corp.’s big push into natural gas is threatened by opposition to drilling techniques that have unlocked buried reserves. Now the oil giant is trying to change … MORE
Shareholders Press for More Disclosure from Fracking Companies
TRIPLE PUNDIT – May 23, 2013 – For the fourth year in a row, a group of shareholders has organized to pressure oil and gas companies to disclose and address the risks of a drilling … MORE
