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Governors Wind Energy Coalition The fight for the soul – and the future – of ExxonMobil Source: By Steven Mufson, Washington Post • Posted: Monday, May 24, 2021 Three giant pension funds are set to vote against the oil titan’s management and in favor of new directors Darren Woods, chief executive of ExxonMobil, faces criticism for his position on climate change. (Brendan McDermid/Reuters) The revolt is being led by a hedge fund, called Engine No. 1, which has charged the company not only with poor financial governance but with failing to come up with a viable strategy for dealing with the existential threat of climate change. Their campaign has built momentum by winning widespread backing from pension funds and shareholder advisory services for its proposal to install four new independent directors at ExxonMobil’s annual meeting next week over the objections of the oil giant’s management.

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