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Exxon to Close Megadeal, Pioneer CEO to Be Barred from Exxon Board in Deal With FTC Antitrust enforcers are set to allege Pioneer CEO Scott Sheffield discussed coordinating oil-production...
To embed, copy and paste the code into your website or blog: ESG (Environmental, Sustainability, Governance) continues to be in the news these days. Prong Three – Governance usually does not get as much play as the first two but last week we saw a prime example of governance. It was the stunning defeat of Exxon management for at least two or perhaps three Board of Director seats. These Exxon Mobil Corp. (Exxon) nominated Directors were defeated by a slate nominated by Exxon shareholders, Engine No. 1, who, according to the Wall Street Journal (WSJ), “ran a six-month, $30 million campaign ...
Are concerned about climate change and they want to see companies take more of a stand on it. mostly, that has remained in this proxy petition mode, has remained in -- they ask companies to do things in a non-binding way or expressing concern. in some ways not that far from the senate. this is the first time with this exxon vote where they changed the makeup of a company's board of directors, the most powerful people at the company, because the company was not acting fast enough on climate change. what we know is that -- with this exxon vote, specifically, we know that two directors on the exx...
It has been a terrible, horrible, no good, very bad week or so for Big Oil...and that’s a very good thing for our climate. Let’s recap: Last week, the
Big Oil’s Terrible, Horrible, No Good, Very Bad Week In a trifecta of dramatic outcomes, Wednesday May 26 saw ExxonMobil, Chevron and Shell each take it on the chin. This article originally appeared in Oil Change International. David Turnbull May 27, 2021 It has been a terrible, horrible, no good, very bad week or so for Big Oil…and that’s a very good thing for our climate. Let’s recap: Last week, the International Energy Agency released the groundbreaking “Net Zero by 2050” report, which they described as “world’s first comprehensive study of how to transition to...