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Top News In கலிஃபோர்னியா நிலை ஆசிரியர்கள் ஓய்வு Today - Breaking & Trending Today

As Zuckerberg's Facebook Fosters Child Abuse and Exploitation, Investors Start to Speak up

As Zuckerberg’s Facebook Fosters Child Abuse and Exploitation, Investors Start to Speak up
Posted on 05/10/2021
U.S. public pensions and sovereign wealth funds like Norway Government Pension Fund Global are major shareholders in social media giant Facebook, which owns Whatsapp and Instagram. Large tech companies armed with cash, lobbyists, and influence are able to get away with possible criminal usage on their platforms.
In 2019 there were nearly 17 million reported cases of online child sexual abuse material (CSAM), 94% of which stemmed from Facebook, according to the National Center for Missing & Exploited Children. As the world’s largest social media company and the largest facilitator of reported child sex abuse online–Facebook’s actions will, for better or worse, have a major impact on global child safety. Facebook is by far and away the world’s largest source of online child sexual abuse materials. The company has been harshly criticized by government ....

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Exxon investors, unhappy after results, push clean energy | Hellenic Shipping News Worldwide

Exxon investors, unhappy after results, push clean energy
Dozens of unhappy investors told Exxon Mobil Corp. on Tuesday to move more quickly and forcefully to improve returns and focus on clean energy, hours after the oil company reported an historic annual loss and said it added a new director to its board.
Exxon reported a net annual loss of $22.4 billion for 2020 and named Tan Sri Wan Zulkiflee Wan Ariffin, the former head of Malaysia’s state oil company, as an independent director.
The board change failed to mollify critics who want Houston-based Exxon to overhaul itself by focusing more on clean energy to improve its financial performance. ....

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Former Petronas chief named Exxon Mobil director

Exxon reported a net annual loss of $22.4 billion for 2020 and named Tan Sri Wan Zulkiflee Wan Ariffin (pic), the former head of Malaysia s state oil company, as an independent director.
BOSTON: Dozens of unhappy investors told Exxon Mobil Corp. on Tuesday to move more quickly and forcefully to improve returns and focus on clean energy, hours after the oil company reported an historic annual loss and said it added a new director to its board.
Exxon reported a net annual loss of $22.4 billion for 2020 and named Tan Sri Wan Zulkiflee Wan Ariffin (pic), the former head of Malaysia s state oil company, as an independent director. ....

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Exxon investors, unhappy after results, push clean energy

2 Min Read
FILE PHOTO: A view of the Exxon Mobil refinery in Baytown, Texas September 15, 2008. REUTERS/Jessica Rinaldi/File Photo
BOSTON (Reuters) - Dozens of unhappy investors told Exxon Mobil Corp. on Tuesday to move more quickly and forcefully to improve returns and focus on clean energy, hours after the oil company reported an historic annual loss and said it added a new director to its board.
Exxon reported a net annual loss of $22.4 billion for 2020 and named Tan Sri Wan Zulkiflee Wan Ariffin, the former head of Malaysia’s state oil company, as an independent director.
The board change failed to mollify critics who want Houston-based Exxon to overhaul itself by focusing more on clean energy to improve its financial performance. ....

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Shareholders create coalition to pressure Exxon for change - Netscape Money & Business

Shareholders create coalition to pressure Exxon for change
By Svea Herbst-Bayliss
Reuters
BOSTON (Reuters) - More than 135 investors managing more than $2 trillion are forming a coalition to push Exxon Mobil Corp into making sweeping changes including refreshing its board and focusing more on energy transition, people familiar with the matter said on Friday.
The group, which includes pension funds, faith-based investors as well traditional money managers, came together in the two months since two activist investors called on Exxon to cut costs, invest in more profitable drilling and clean energy,
the people said.
The coalition worries that Exxon may not grasp the full extent of shareholder concern and believes the company must take more forceful action now, one of the sources said. ....

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