Board fight at Exxon intensifies spotlight on climate change
May 26, 2021
NEW YORK (AP) — ExxonMobil is facing a major challenge from a group of investors in one of the biggest fights a corporate boardroom has endured over its stance on climate change, an issue of rising urgency for many shareholders.
The investor group is pushing to replace four of the oil giant's board members with executives they say are better suited to both strengthen the company's finances and lead it through the transition to cleaner energy. The fight represents a moment of reckoning for major publicly traded companies to address a global crisis.
Engine No. 1, the name of the hedge fund...