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SEC Ruling Deals Another Blow to ExxonMobil

HeadlineMar 25, 2016

This comes as Exxon was dealt another blow Tuesday by the Securities and Exchange Commission, which rejected Exxon’s attempts to block shareholders from demanding the oil giant disclose how its business would be impacted by the 2-degree target limit on global warming. Following the historic U.N. climate accord in December, in which 195 nations endorsed efforts to limit global warming to no more than a 2-degree Celsius rise above pre-industrial levels, a number of Exxon’s shareholders have advanced a proposal that would force the oil giant to tell investors how its profits will be impacted by the global target.

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