It is with a great sense of “what’s taken so long?” relief that we read the New York Times’ report on the shift by Exxon Mobil to agree to report on the risks to its fossil fuel assets as a result of climate change and the impending caps that are  being placed upon carbon emissions.  We are soon to be making our own announcement on this topic, reflecting upon the wave that will be rolling through the markets as companies begin to factor in the price of carbon into their operations.  Meanwhile, we highly recommend that you  read the New York Times article “In Shift, Exxon Mobil to Report on Risks to Its Fossil Fuel Assets.” We believe this presages the beginning of a major shift in the market.