Environmental Finance Online News -
[Cached Version]
Published on: 5/26/2006
Last Visited: 5/26/2006
As of yesterday, the group had still not obtained its meeting with the board, though the oil and gas giant has agreed to a meeting with its strategic planning staff, says Robyn Belek, deputy director of communications with the Connecticut Treasurer's office.That is a disappointment, she adds, because the board wields the real power.
Also participating in the effort are the treasurers of California, New York, Pennsylvania, Maryland, Maine, Vermont and New York City.Together with eight other institutional investors - including the California Public Employees' Retirement System (CalPERS) - they own $5.26 billion in ExxonMobil shares and are all members of the Investor Network on Climate Change.The group will continue pressing for the board meeting, Belek says.
...
"We're looking at this strictly from a financial perspective, not from a social perspective," says Belek, who says the treasurers expect eventual US regulation of carbon.