ExxonMobil shareholders vote to begin disclosing the company's effect on the climate

ExxonMobil sign.
(Image credit: Eric Piermont/AFP via Getty Images)

Even as President Trump is reportedly readying to rip up the Paris climate agreement, ExxonMobil's shareholders voted Wednesday in favor of a proposal "calling on the oil and gas giant to assess and disclose how it is preparing its business for the transition to a low-carbon future," sustainability nonprofit Ceres reports. Over 62 percent of shareholders voted in favor of the climate report.

"This is an unprecedented victory at Exxon for investors in the fight to ensure a smooth transition to a low-carbon economy. Climate change is a risk to the core business of ExxonMobil, and the burden is now on the company to show that it is responsive to shareholder concerns," said New York State Comptroller Thomas DiNapoli.

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Jeva Lange

Jeva Lange was the executive editor at TheWeek.com. She formerly served as The Week's deputy editor and culture critic. She is also a contributor to Screen Slate, and her writing has appeared in The New York Daily News, The Awl, Vice, and Gothamist, among other publications. Jeva lives in New York City. Follow her on Twitter.