Joseph William Cook, 84 | New Hampton Tribune and Nashua Reporter
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Top Exxon shareholders urged by climate groups to vote against re-election of two directors
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EnergyClimate activists urge BlackRock, Vanguard to vote against Exxon directors
Jennifer Hiller
4 minute read
Darren Woods, Chairman & CEO of Exxon Mobil Corporation, attends a news conference at the New York Stock Exchange (NYSE) in New York, U.S., March 1, 2017. REUTERS/Brendan McDermid
Climate activists are prodding Exxon Mobil Corp s (XOM.N) top shareholders to vote against the reelection of two directors, a move that could boost a hedge fund s proxy fight to seat four candidates on the oil giant s board.
Environmental group Sierra Club and other activists have bombarded BlackRock Inc (BLK.N) and Vanguard Group with calls and emails urging them to vote against Exxon Chief Executive Darren Woods and lead independent director Kenneth Frazier at this month s shareholder meeting. The two money management firms hold more than 13% of Exxon shares combined.