Top Exxon shareholders urged by climate groups to vote against re-election of two directors theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
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.
Activists urge Blackrock and Vanguard to vote against Exxon CEO over climate concerns
PIRC has added its name to the list of shareholders gearing up with side with activist investor Engine No. 1.
Climate activists have bombarded Exxon Mobil’s top shareholders with calls and emails, urging them to vote against the reelection of chief exec Darren Woods and lead independent director Kenneth Frazier at an upcoming shareholder meeting.
Blackrock and Vanguard Group hold more than 13 per cent of Exxon share combined.
Exxon is currently embroiled in battle with activist hedge fund Engine No. 1 over four seats on the 12-member board, as well as the company’s future direction.
By CNSNews.com Staff Writer | April 30, 2021 | 12:37pm EDT
Sen. Ted Cruz (R-Texas) (Getty Images)
Given the radical left-wing political agenda of many woke corporations and their CEOs, conservative Senator Ted Cruz (R-Texas) said he would no longer accept money from any corporate PAC and he urged his GOP colleagues to do the same. In my nine years in the Senate, I’ve received $2.6 million in contributions from corporate political-action committees, wrote Cruz in an Apr. 29 commentary for
The Wall Street Journal. Starting today, I no longer accept money from any corporate PAC. I urge my GOP colleagues at all levels to do the same.