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

03/04/2019

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.”