"New York asks SEC to force climate vote onto Exxon proxy", 24 Feb 2016

New York state's comptroller and four other Exxon Mobil shareholders asked the U.S. Securities and Exchange Commission this week to force the oil producer to include a climate change resolution in its annual shareholder proxy...[The move] comes as Exxon is fighting an inquiry by New York state's attorney general into whether it misled the public and shareholders about the risks of climate change. New York City officials have also launched efforts to force greater climate disclosure by Exxon...Exxon told the SEC last month it intended to block a vote on the resolution at its annual meeting this May, claiming it was vague and asked for metrics that are hard to quantify...New York State Comptroller Thomas DiNapoli, who oversees the state's $178.3 billion pension fund [said]..."As investors, we need to know how Exxon Mobil's bottom line will be impacted by the global effort to reduce greenhouse gas emissions and what the company plans to do about it"...Exxon has said in the past that climate change poses little risk to its reserves and that it would start providing some information about how it arrived at this conclusion...The company has also said it has worked transparently for years on climate science and has properly disclosed business risks...DiNapoli and the [Church of England] were joined in the SEC filing by the Vermont State Employees' Retirement System, the University of California Retirement Plan and the Brainerd Foundation...