Exxon Climate-Activism Investor Wins at Least 2 Board Seats
A shareholder vote at Exxon Mobil put at least two nominees from climate-activism investor Engine No. 1 on the energy giant's board.
Author:
May 26, 2021 3:03 PM EDT
A climate-activism investor, Engine No. 1, won at least two seats on the board at energy giant Exxon Mobil (
The San Francisco hedge fund hopes to make the Irving, Texas, integrated energy giant more active in combating climate change
The coalition is a group of 135 institutions focused on both sustainability and long-term returns.
"The fact that at least two of Engine #1’s four board candidates were elected reflects the right of shareholders to escalate the demand for transformation at companies such as Exxon," Behar said.