Statement from the Church Commisioners following the Securities and Exchange Commission decision to strike out Exxon motion

The Church Commissioners have issued the following statement following the Securities and Exchange Commission ruling on the recent ExxonMobil resolution.

“This is a disappointing and puzzling decision that enables Exxon to close down interaction with its shareholders on climate-related strategy. Exxon is continuing to misjudge the mood of investors on climate risk and the fact remains that at present the company is providing no assurance that it has a strategy consistent with the goals of the Paris Agreement. We are reviewing our options.”