Exxon Mobil Letter 2-24-25 JC 2

A letter from investors and the Union of Concerned Scientists to Exxon Mobil requesting disclosure of physical climate risks to coastal refineries, citing SEC guidance and the vulnerability of specific Texas and Louisiana facilities to sea level rise and storm surges.

• Exxon Mobil has failed to disclose physical risks from climate change in its SEC Form 10-K filing, despite the vulnerability of its coastal refineries to sea level rise and enhanced storm surge.
• The Union of Concerned Scientists identifies specific physical risks at Exxon Mobil's Baytown, Texas refinery, noting that storm surges and sea level rise represent an apparent financial risk for facilities in Texas and Louisiana.
• Past extreme weather events demonstrate the material impact of climate risks on Exxon Mobil's operations, specifically Hurricane Katrina's damage to the Chalmette refinery and Hurricane Rita's role in shutting down the Baytown and Beaumont facilities.
• The authors argue that failure to address these risks could lead to material impacts on production and cash flows through diminished refining utilization rates, facility closures, environmental contamination, or disruptions to power and supply chains.
• The request for disclosure is based on 2010 U.S. Securities and Exchange Commission (SEC) guidance, which expects companies to report on material regulatory, physical, and indirect risks related to climate change.

APA

Union of Concerned Scientists (2015). Exxon Mobil Letter 2-24-25 JC 2. https://www.ucsusa.org/sites/default/files/attach/2015/02/exxon-mobil-letter-investors.pdf

Chicago

Union of Concerned Scientists. Exxon Mobil Letter 2-24-25 JC 2. 2015. https://www.ucsusa.org/sites/default/files/attach/2015/02/exxon-mobil-letter-investors.pdf.

Wikipedia

{{cite press release |author=Union of Concerned Scientists |title=Exxon Mobil Letter 2-24-25 JC 2 |date=25 February 2015 |url=https://www.ucsusa.org/sites/default/files/attach/2015/02/exxon-mobil-letter-investors.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{unionofconcernedscientists2015exxon, author = {{Union of Concerned Scientists}}, title = {{Exxon Mobil Letter 2-24-25 JC 2}}, publisher = {Union of Concerned Scientists}, year = {2015}, month = feb, url = {https://www.ucsusa.org/sites/default/files/attach/2015/02/exxon-mobil-letter-investors.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }