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Exxon s proxy battle could end on Wednesday

Major proxy advisory firms and investment managers have thrown their weight behind the nominees. Shareholders will vote on the activist proposals at the company s annual meeting today. The activist investment firm, Engine No. 1, has been piling pressure on Exxon Mobil Corporation for the past few months to embrace a transition to a low-carbon world and accept its demand for four board seats. The ongoing proxy battle could come to a close today when the shareholders of the oil giant vote on the proposals at the company’s annual meeting, according to the Wall Street Journal. Are you looking for fast-news, hot-tips and market analysis?

OPINION: Oil giants must heed shareholder concerns on climate

18 May 2021 6:21 GMT Updated  18 May 2021 6:21 GMT OPINION: This year’s annual general meeting season for the major oil companies is proving a testing time for the industry. Climate concerns have shot up the agenda and an AGM is one very public event when activist shareholders can challenge the board and grab media attention. ENERGY EXPLORED: SUBSCRIBE TO ACCELERATE Gain valuable insight into the global oil and gas industry s energy transition from BP chief executive Bernard Looney might have expected to win some plaudits for more details on his bold energy transition strategy last week. Instead, it seems that each step down the path to change is being met with heightened expectations from critics.

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