Heading into their annual meetings at the end of this month, both ExxonMobil and Chevron have published reports in response to investor demands that they disclose their plans for a world in which global temperature increase is kept well below two degrees Celsius (2°C) above pre-industrial levels—the target set in the Paris Climate Agreement. Mounting mainstream expectations for better corporate climate risk disclosure have been reflected in shareholder resolutions and the recommendations of the Task Force on Climate-Related Financial Disclosure (TCFD).
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