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CalPERS calls on Exxon and Chevron to disclose financial risks of climate change

April 15, 2016 by Harry Horner

(Source: LA Times) CalPERS and 31 investors, including New York City’s pension funds and BNP Paribas Investment Partners, want to know how much of the companies’ petroleum reserves must stay in the ground to meet greenhouse gas emission limits. The response from Exxon Mobil directors to the shareholder proposals will be included in the proxy statement distributed Wednesday, said Alan Jeffers, a spokesman for the Irving, Texas, company. Read full article

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