ConocoPhillips, ExxonMobil, Wells Fargo, and insurer ACE Limited were among the 10 companies singled out by the Investor Network on Climate Risk, a coalition of unions, public pensions, and faith-based institutional investors.
The Investor Network contends that, by not being more more proactive about global warming, these companies could hurt their bottom lines in the long run and miss out on prime business opportunities given investor demand for cleaner technologies.
The accusations came as ConocoPhillips and others are meeting in Houston as part of CERA Week, sponsored by Cambridge Energy Research Associates, Dan Yergin's energy think-tank, which opened Tuesday with a keynote by Rex W. Tillerson, Chairman and Chief Executive Officer of ExxonMobil.
According to a CERA spokesman, Mr. Tillerson focused on the strengths, realities, and solutions facing the energy industry today, saying, "The challenges we face are great—but the opportunities are even greater."
Read the full article at CNNMoney.com
View the CERA Week Agenda, where you can also find feeds and videos of the speakers.
More on the Investor Network on Climate Risk