May 21, 2008

ExxonMobil on green defense

ExxonMobil shareholders seem to think that the oil company is lagging behind competitors when dealing with climate change.

Several major investors, which include ExxonMobil's largest share owners plan to vote next week in a resolution that will force the company to address climate change risks. The investors hold over 91 million ExxonMobil shares currently valued at more than $8.6bn.

Come to think of it, I did not hear any presentations from ExxonMobil nor saw any representatives from the company when I last attended BIO's World Congress on Industrial Biotechnology and Processing. But maybe this is just a coincidence...

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