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Legal & General backs activist investor over Exxon climate concerns L&G will back an activist investor at Exxon's shareholder meeting later this month, after it voiced concerns about the oil giant's environmental practices. Legal & General, one of Exxon Mobil’s major investors, has said it will back an activist hedge fund at Exxon’s shareholder meeting later this month, after the fund raised climate-related concerns about Exxon’s practices. US oil producer Exxon is battling hedge fund Engine No. 1 over four seats on its 12-member board and the direction of the company...

POLITICO Get the POLITICO Long Game newsletter Email Sign Up By signing up you agree to receive email newsletters or updates from POLITICO and you agree to our privacy policy and terms of service. You can unsubscribe at any time and you can contact us here. This sign-up form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Updated Presented by JPMorgan Chase & Co. First this: Colonial Pipeline, which delivers 45 percent of the East Coast’s fuel, should be back online by the end of the week, but expect more of these dramas—with more disastrous effects—...

Investor Legal & General backs activist in Exxon proxy battle By Jennifer Hiller Reuters HOUSTON (Reuters) - Britain's biggest asset manager, Legal & General, on Tuesday said it will vote for an activist hedge fund's board slate at Exxon Mobil's shareholder meeting later this month, fueling a pitched fight over the oil major's future. Top U.S. oil producer Exxon is battling hedge fund Engine No. 1 over four seats on its 12-member board and the direction of the company. The fund has criticized Exxon's poor returns, spending on fossil fuels and lack of clear plans for the energy transition....

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Shareholders target ‘white man’s world’ with record demands for diversity data POLITICO 25 mins ago By Lorraine Woellert, Catherine Boudreau and Kellie Mejdrich © Richard Drew/AP Photo Amazon, JPMorgan, Johnson & Johnson and other household-name companies are fighting shareholder proposals to put diversity questions up for a vote. U.S. companies are coming under intense pressure to diversify their executive ranks, with shareholders more than doubling their formal demands for audits and increased scrutiny on hiring and promotions. Popular Searches But even as the Der...