Activist hedge fund firm Engine No. 1 GP LLC (Engine No. 1 LLC) showcased four independent director candidates for the board of Exxon Mobil Corporation. The California Public Employees’ Retirement System (CalPERS), California State Teachers’ Retirement System (CalSTRS), and New York State Common Retirement Fund backed the Engine No. 1 candidates. Exxon Mobil shareholders voted […]
Engine No. 1 convinced other shareholders to support at least two of its nominees to join the company's board as part of its push for a stronger sustainability strategy at Exxon.
https://www.youtube.com/watch?v=sPhqdxKA-3c PBS: A Dutch court on Wednesday ordered Royal Dutch Shell to cut its carbon emissions by net 45% by 2030 compared to 2019 levels in a landmark case brought by climate activism groups, which hailed the decision as a victory for the planet.The Hague District Court ruled that the Anglo-Dutch energy giant has a…
In a dramatic shake up signaling an accelerating transition away from a fossil fuel economy, a majority of ExxonMobil shareholders voted to replace two of the oil major’s board of directors with an alternative slate of candidates experienced in clean energy and energy transitions.