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NY Pushes For ExxonMobil Vote On Warming Limit Effects

New York's comptroller and some other investors have asked the Securities and Exchange Commission to reject ExxonMobil's plan to block their shareholder proposal for information about how the company will be affected by a two-degree target limit on global warming.

Comptroller Thomas DiNapoli, trustee of New York's $178.3 billion pension fund for public workers, joined with the Church of England's investment fund and others in filing the shareholder proposal.

They want ExxonMobil assessments of how its portfolio and oil and gas reserves would be affected by warming limits endorsed by 195 nations that call for lower carbon emissions and reductions in the burning of fossil fuels.

ExxonMobil says since 2007 it has included carbon costs in business planning that reflect the climate-related policy decisions it anticipates governments will actually make.

© 2016 AP

Dave Lucas is WAMC’s Capital Region Bureau Chief. Born and raised in Albany, he’s been involved in nearly every aspect of local radio since 1981. Before joining WAMC, Dave was a reporter and anchor at WGY in Schenectady. Prior to that he hosted talk shows on WYJB and WROW, including the 1999 series of overnight radio broadcasts tracking the JonBenet Ramsey murder case with a cast of callers and characters from all over the world via the internet. In 2012, Dave received a Communicator Award of Distinction for his WAMC news story "Fail: The NYS Flood Panel," which explores whether the damage from Hurricane Irene and Tropical Storm Lee could have been prevented or at least curbed. Dave began his radio career as a “morning personality” at WABY in Albany.