Shareholders ask the five largest US oil companies – Valero, Exxon Mobil, Marathon Petroleum, Phillips 66 and Chevron – to disclose the risks their operations and facilities face from rising sea levels and storm surges
Investors and nonprofits on Thursday asked the five largest US oil companies to disclose risks to their facilities from climate change.
Calvert Investments, Pax World Management, Walden Asset Management and the Christopher Reynolds Foundation signed the letters, scheduled to arrive today, as well as nonprofit advocates Ceres and the Union of Concerned Scientists.
“Really in the end, the industry is damned if it does and damned if it doesn’t when it comes to climate change.”