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President
Reishus Consulting, LLC
With American federal climate policy in retreat after President Trump announced his intention for the US to withdraw from the Paris Accords, where will climate change activists focus their efforts? While recent announcements coming from local politicians indicate that cities from Portland to Pittsburgh, plus many states, are intent on moving forward with strategies to decarbonize, corporations form a key sector whose willingness to embrace strategies to avoid corporate climate risk matters greatly. Do shareholder activists play a critical role in forcing large businesses, especially those firms holding fossil fuel assets, to acknowledge risks and adopt strategies that directly address… [more]
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President
Reishus Consulting, LLC
The New York Attorney General has been investigating Exxon Mobil for failing to disclose to its investors its climate risk, or the risk that climate change may have on the value of the company’s assets, including its extensive oil reserves, which some claim must remain in the ground if necessary future reductions in carbon emissions are to be achieved. As the controversy around Exxon Mobil’s carbon-related financial reporting continues, other entities are moving forward to address so-called climate change or “carbon asset” risk. In fact, the institutional investment fund CalPERS now requires that companies it chooses to invest in have… [more]
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