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.
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