Corporate Secretary: Three Key Developments on Investing and Climate Change

A few weeks ago, the US Department of Labor announced a change in guidelines that will allow private pension funds to consider environmental, social and governmental (ESG) factors when making investment decisions.

Two weeks ago there was news that New York State Attorney General Eric Schneiderman is investigating ExxonMobil for possibly misleading investors in public disclosures on the risks of climate change while being aware of those risks from the research of its own scientists as long ago as 1977. Then, on November 6, President Obama pulled the plug on the hotly debated Keystone Pipeline that would have carried oil from the tar sands of western Canada to refineries and oil distribution centers in the southwest US.

via Exxon’s public disclosures on climate risk in the spotlight.

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