Exxon investors warn of âexistentialâ risk from emissions
Derek Brower and Justin Jacobs
Updated
Save
Share
Chicago/Washington | ExxonMobil faces an âexistential business riskâ by pinning its future on fossil fuels as governments move to slash emissions, an activist hedge fund will tell investors in the final push of its battle to overhaul the oil companyâs board.
âExxonMobil still has no credible plan to protect value in an energy transitionâ, says an 80-page investor presentation, seen by the
Financial Times, in which Engine No 1 excoriates the companyâs âvalue destructionâ and ârefusal to accept that fossil fuel demand may declineâ.
MTA s piling debt hobbles $51B effort to upgrade New York s mass transit: comptroller
nydailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nydailynews.com Daily Mail and Mail on Sunday newspapers.
New York MTA s capital numbers don t add up, DiNapoli says
bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.