Activist group targets Exxon with shareholder climate resolution By Reuters – Investing.com

Activist group targets Exxon with shareholder climate resolution By Reuters – Investing.com

By Ron Bousso and Sabrina Valle

LONDON (Reuters) - Climate activist group Follow This targeted Exxon Mobil Corp (NYSE:) with a shareholder resolution urging it to deepen its carbon emissions reduction targets, ramping up pressure on the oil and gas company over its energy transition strategy.

The shareholder resolution ahead of the 2022 annual general meeting urges Exxon to publish medium and long-term targets to reduce the greenhouse gas (GHG) emissions from its operations and the burning of fuels sold to customers, known as Scope 3 emissions, in order to meet the U.N.-backed targets to limit global warming to below 2 degrees Celsius.