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Investment firm Engine No. 1 on Monday reiterated its call for Exxon Mobil Corp, one of corporate America's most iconic brands, to slash its greenhouse gas emissions to zero by 2050, according to a letter sent to the company.
3 Min Read (Reuters) - Sachem Head Capital Management LP has amassed a roughly $1 billion stake in International Flavors & Fragrances Inc and nominated four directors to the chemical company’s board, people familiar with the matter said on Wednesday. FILE PHOTO: Scott Ferguson, Managing Partner and Portfolio Manager for Sachem Head Capital Management LP, presents during the 2018 Sohn Investment Conference in New York City, U.S., April 23, 2018. REUTERS/Brendan McDermid The activist hedge fund’s board challenge comes as IFF earlier this month completed a $26.2 billion merger with DuPont’...
By Reuters Staff (Adds details on deal and debt reduction, shares) Feb 17 (Reuters) - Ovintiv Inc said on Wednesday it agreed to sell its Duvernay assets in Alberta province for about $263 million and linked employee pay to new emissions intensity reduction targets, weeks after an activist investor launched a proxy fight for three board seats. Investment firm Kimmeridge Energy Management, one of Ovintiv’s top 10 shareholders, had urged the oil producer to alter its capital spending, focus on governance and said the board had allowed the company to become an environmental laggard, trailing p...
Lives. now what kind of response might we get from iran? iran is already engaged in proxy fights with saudi arabia, which is allied with the united states, in places like syria, directly engaging in a conflict with saudi arabia would definitely be an escalation. in addition to that, of course there is the united states. but we just heard the secretary of state mike pompeo warn iran just this past week that if iran was to through proxies that it's funding attack american interests in the region, the united states would hold iran responsible. jon? jon: ryan chilcote, thank you. meanwhile big d...
Directly after saudi arabia. the two countries are arch rivals in the region and already engaged in a number of proxy fights in syria and in yemen. as for the united states, the united states backs saudi arabia, it's a big ally of the country and we just heard from the united states secretary of state, mike pompeo the other day, say that if iran goes after american interests, then there will be an immediate response from the united states. so, that perhaps is also very unlikely given the fact that the u.s. has given iran so little room for leeway for navigating through the situation. >> ryan, ...