As reports circulated that President Donald Trump was preparing to withdraw the U.S. from the Paris Climate Agreement, a significant shift in the other direction took place in an unlikely setting: the annual shareholders meeting of the world's largest oil company.
In a massive Dallas ballroom, shareholders of ExxonMobil approved a resolution that asks the company to test its business plans against a world in which policy makers enact measures to limit the burning of fossil fuels.
Specifically, the resolution asks the company to stress test its plans for a world in which leaders fully implement their Paris Agreement pledges in order to keep global warming to 2 degrees Celsius, or 3.6 degrees Fahrenheit, above preindustrial levels through 2100. Read more...
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