Blog Archive: ExxonMobil Archives - Bright Now

7

Nov

2017

Bishops and clergy call on CofE to divest from Exxon

The following letter from Church of England bishops and clergy was published in The Guardian on 7th November. A news story on the same day included interviews from all sides of the argument.
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1

Jun

2017

Exxon climate resolution passed despite opposition from Board of Directors

Shareholders of ExxonMobil have voted in favour of a resolution calling on the company to report on the impacts of climate policies on its business, despite opposition from Exxon’s Board of Directors. Read more

26

May

2017

Pressure increases on Church of England to divest from ExxonMobil

The Church of England is facing increasing calls to divest from ExxonMobil ahead of the company’s AGM on Wednesday 31 May.

Exxon’s Board of Directors has advised shareholders to vote against the climate resolution being supported by the Church Commissioners again this year. The resolution calls on ExxonMobil to report on the impact of climate policies on its business operations. Read more

11

Jan

2017

Church of England launches ‘Transition Pathway Initiative’ engagement framework

Today the Church of England joined the Environment Agency Pension Fund, the LSE’s Grantham Institute and various asset owners in launching the Transition Pathway Initiative, its framework for engagement with fossil fuel companies. Other partners include the Central Finance Board of the Methodist Church and CCLA. Read more

27

Jun

2016

Exxon AGM prompts calls for Church of England divestment

Following the recent ExxonMobil AGM, at which shareholders rejected all resolutions on climate change including one proposed by the Church Commissioners, calls have been growing for the Church of England to divest from fossil fuel companies, starting with Exxon.

The Church Times has published a series of letters calling on the Church of England to divest from fossil fuel companies, as well as a response from Edward Mason, Head of Responsible Investment for the Church Commissioners, outlining their position. We republish those letters here. Read more

27

May

2016

Exxon shareholders reject all climate resolutions at company’s AGM

On Wednesday 25 May, shareholders at ExxonMobil rejected all of the non-binding climate resolutions at its AGM in Dallas as they were recommended to do by the company’s Board of Directors, casting doubt on the effectiveness of the engagement approach pursued by the Church of England and other investors.

Recent investigations revealed that Exxon knew about the reality of climate change as early as the 1970s, yet poured resources into publicly denying climate change for years. The company is now under investigation by the FBI, at the request of the Department for Justice. Read more