A new climate report released by ExxonMobil, which explores the risks the company would face in a low-carbon transition, represents “a significant step forward for institutional investors who have long engaged with the company on climate change but falls short on key details,” Andrew Logan, director oil and gas at Ceres, said today in a statement.
The report, 2018 Energy & Carbon Summary, “adopted a whole new climate-related frame,” Logan added, “providing the clearest accounting yet of how Exxon is—and is not—planning for a low-carbon future.”