Pension Funds Tell Exxon To Tell The Truth About Climate Change

Pension funds are putting pressure on ExxonMobil to start telling its shareholders how climate change will affect the oil giant’s business.

The California public employee pension fund and the New York City pension fund, which together manage $433 billion in investments, told fellow shareholders in a letter to support a resolution calling for the company to disclose in detail how it could be harmed by new government policies limiting carbon emissions and other shifts due to climate change.