Climate Activists Win Seats on ExxonMobil’s Board

Washington Post: “ExxonMobil shareholders voted Wednesday to install at least two new independent directors to the company’s board, a resounding defeat for chief executive Darren Woods and a ratification of shareholders’ unhappiness with the way the company had been addressing climate change and its lagging financial performance.”

“Both sides spent tens of millions of dollars on the hard-fought campaign.”

This is extraordinary and suggests that climate activist investors can have a much bigger impact than many expected.