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Climate activist investors win board seats at ExxonMobil

Climate activist investors win board seats at ExxonMobil

A shareholder vote at ExxonMobil put two nominees from climate-activist investor ’Engine No. 1’ on the energy giant’s board. The San Francisco hedge fund hopes to make the Texas based integrated energy giant more active in combating climate change. The fund is part of the Coalition United for a Responsible Exxon, which is a group of 135 institutions focused on sustainability and long-term returns

Levine
Levine
Andrew Montague
Andrew Montague 3 weeks

That's how capitalism works. If you're a publicly traded company and somebody owns enough of your stock to have a say on how you're run, then the system is working exactly how it is supposed to.

James Sanford (Retroambassador)
James Sanford (Retroambassador) 2 weeks

How adorable.

Justin's Socks
Justin's Socks 3 weeks

Lol now they're really ruined. Time to start shorting the energy sector

Central Scrutinizer
Central Scrutinizer 2 weeks

Know your enemy!

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Climate activist investors win board seats at ExxonMobil

3 weeks