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Article

25 May 2006

Author:
Environmental Finance

US state treasurers press ExxonMobil on climate

The treasurers of seven US states and one city, all major holders of ExxonMobil shares, are pressuring the company's board of directors for a meeting on its plans to address climate change issues...The target company has been notoriously hostile to the notion of human-induced global warming, with its recently-retired chief executive officer Lee Raymond once describing the concept as a "hoax"...The treasurers are seeking a formal report on ExxonMobil's plan to address the issue, such as major emitters American Electric Power and Ford have produced.