DALLAS (AP) — Exxon says it will give more details about how climate change could affect its business.
The Dallas based oil giant said in a brief regulatory filing Monday that in the near future — it didn’t give a date — it will disclose potential changes in demand and implications of policies designed to limit global warming to two degrees Celsius. Policies to cap emissions of heat-trapping carbon dioxide could reduce demand for oil.READ MORE: On 2nd Anniversary, Garden Will Be Unveiled At Scene Of Deadly El Paso Walmart Shooting
At Exxon Mobil Corp.’s annual meeting in May, the company opposed a similar resolution by a New York state retirement fund. The measure was backed by holders of 62 percent of Exxon shares. The company says it reconsidered and sought comments from proponents and major shareholders.READ MORE: U.S.-Mexico Border Arrests During Summer Remain At Highest Level In Decades
Exxon shares rose 21 cents to $83.24 in trading Tuesday morning.MORE NEWS: COVID-19 Booster Shot Not Yet FDA-Authorized, But Some Not Waiting
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