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Exxon halts shareholder meeting to give more time to count votes on contentious proxy feud


Exxon activist captures board seats in historic victory for climate change advocates
The result is an embarrassment for the Irving oil giant and a sign that institutional investors are increasingly willing to force corporate America to tackle climate change.
Exxon Mobil is facing a major challenge from a group of investors in one of the biggest fights a corporate boardroom has faced over its stance on climate change, an issue of rising urgency among many shareholders.(Richard Drew)
11:08 AM on May 26, 2021 CDT
A first-time activist investor with a tiny stake in Irving-based Exxon Mobil Corp. scored a historic win in its proxy fight with the oil giant, signaling the growing importance of climate change to investors. ....

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Facebook to remove ban on political advertising


Facebook to remove ban on political advertising
© Matt Rourke
Facebook to remove ban on political advertising
Facebook said Wednesday that it planned to lift its ban on political advertising across its network, resuming a form of digital promotion that has been criticized for spreading misinformation, falsehoods, and inflaming voters. The social network said it would allow advertisers to buy new ads about “social issues, elections or politics” beginning Thursday, according to a copy of an e-mail sent to political advertisers and viewed by The New York Times. Those advertisers must complete a series of identity checks before being authorized to place the ads, the company said. Mark Zuckerberg, Facebook’s CEO, has said he wished to maintain a largely hands-off stance toward speech on the site unless it posed an immediate harm to the public or individuals. Former President Donald Trump used Facebook’s political ads to amplify claims about an “invasion” on t ....

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