Pressure point

A group of ExxonMobil shareholders--including the California State Teachers Retirement System and the New York City Employees Retirement System--said they planned to increase pressure on oil giant ExxonMobil to change its climate change policies. "ExxonMobil's go-slow approach on renewables, its resistance to a strong national climate policy, and its campaign to muddy the waters on climate science is troubling to investors," said California state controller and CalSTRS board member John Chiang. IndustryWeek.