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EnergyClimate activists urge BlackRock, Vanguard to vote against Exxon directors
Jennifer Hiller
4 minute read
Darren Woods, Chairman & CEO of Exxon Mobil Corporation, attends a news conference at the New York Stock Exchange (NYSE) in New York, U.S., March 1, 2017. REUTERS/Brendan McDermid
Climate activists are prodding Exxon Mobil Corp s (XOM.N) top shareholders to vote against the reelection of two directors, a move that could boost a hedge fund s proxy fight to seat four candidates on the oil giant s board.
Environmental group Sierra Club and other activists have bombarded BlackRock Inc (BLK.N) and Vanguard Group with calls and emails urging them to vote against Exxon Chief Executive Darren Woods and lead independent director Kenneth Frazier at this month s shareholder meeting. The two money management firms hold more than 13% of Exxon shares combined.
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ESG Focus: Summit Calm Before The Storm
The Climate Summit last week proved an anticlimax but with some interesting takeouts: natural gas has been granted a reprieve and indications were given on the timing of fund flows
-Summit more of an assurance than a hard hitter
-But the storm is soon to hit – or should we say flood – perhaps 2022
-Methane gains a reprieve
By Sarah Mills
There was a sense of anticlimax from the Earth Day Climate Summit last week.