Exxon Mobil To Adjust Board To Address Climate: Report
01/27/21 AT 12:17 PM
Exxon Mobil plans to announce new steps to tackle climate change -- including by adding members to its board -- as it confronts rising investor scrutiny of its contribution to global emissions, US media reported on Wednesday.
The struggling oil giant is considering adding one or more members to its board and increasing sustainability investments, the Wall Street Journal said, citing unnamed sources.
Exxon Mobil's board currently has 10 members. In January 2017, it named climate scientist Susan Avery as a member.
However, the company has repeatedly come under fire from environmentalists over the dominance of petroleum investments in its capital program at a time when Royal Dutch Shell and other companies are also investing in green energy.