Should oil companies like Exxon be forced to disclose climate change risks?
- Written by Paul Griffin, Professor of Management, University of California, Davis
Exxon Mobil announced on Oct. 28 that it may have to take the largest asset write-down in its history. The company said that 4.6 billion barrels of oil and gas assets – 20 percent of its current inventory of future prospects – may be too expensive to tap.
Some took Exxon’s statement as evidence that the fossil fuel industry is...
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