re: Financial firms lead shareholder rebellion against ExxonMobil climate change policies

Wood burning is much worse for the environment and there would be no whales left.

Interesting. Here are the top institutional owners of shares of XOM in descending order:

Owner Name Date Shared Held Change (Shares) Change (%) Value (in 1,000s)

VANGUARD GROUP INC 03/31/2017 299,044,743 10,363,620 3.59 24,073,102
BLACKROCK INC. 03/31/2017 251,034,340 2,333,226 .94 20,208,264
STATE STREET CORP 03/31/2017 215,767,383 15,740,895 7.87 17,369,274
BANK OF NEW YORK MELLON CORP 03/31/2017 56,953,372 (996,994) (1.72) 4,584,746
NORTHERN TRUST CORP 03/31/2017 56,217,746 1,212,913 2.21 4,525,529
WELLINGTON MANAGEMENT GROUP LLP 03/31/2017 49,819,518 774,086 1.58 4,010,471
BANK OF AMERICA CORP /DE/ 03/31/2017 45,147,139 1,756,108 4.05 3,634,345
GEODE CAPITAL MANAGEMENT, LLC 03/31/2017 41,054,160 3,022,406 7.95 3,304,860
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 03/31/2017 37,126,800 0 0.00 2,988,707
NORGES BANK 12/31/2016 36,628,646 566,897 1.57 2,948,606
PRICE T ROWE ASSOCIATES INC /MD/ 03/31/2017 31,556,691 (8,217,463) (20.66) 2,540,314
CAPITAL RESEARCH GLOBAL INVESTORS 03/31/2017 29,512,209 (5,962,647) (16.81) 2,375,733
JPMORGAN CHASE & CO 03/31/2017 28,291,941 (3,919,542) (12.17) 2,277,501
DIMENSIONAL FUND ADVISORS LP 03/31/2017 26,347,498 494,839 1.91 2,120,974
WELLS FARGO & COMPANY/MN 03/31/2017 25,755,080 1,398,846 5.74 2,073,284
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quote:

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Leftist wack jobs in control of Pension liabilities on a Social Engineering crusade. I said crusade because of my Anglo-Saxon privilege.

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It actually sounds like investors trying to do due dilligence on their investments for the foreseeable future. If the costs of maintaining a 2 degree increase in average global temperatures is prohibitive, they will know how to invest. Exxon management does not want this knowledge out as it may negatively impact their stock price.