Exxon Mobil investors want to meet on global warming

NEW YORK - A group of pension funds and institutional investors on Thursday accused Exxon Mobil Corp. of failing to act on global warming concerns and demanded a meeting with the company's board.

In response, Exxon Mobil said it has an ongoing dialogue with members of the group and is setting up a meeting in July to discuss these issues.

The meeting will only be with Exxon Mobil staff, however, a spokeswoman for the investor group said, noting they are seeking an audience with the company's board.

"In part, our position includes the fact that we recognize that the accumulation of greenhouse gases in the Earth's atmosphere poses risks that may prove significant for society and ecosystems," Exxon Mobil said in a prepared statement. "We believe that these risks justify actions now, but the selection of actions must consider the uncertainties that remain."

The group, composed of pension fund trustees and institutional investors, said they were concerned Exxon Mobil's hand- ling of the climate change issue left it trailing behind its major oil peers, such as BP and Royal Dutch Shell.