Exxon and activists have one point in common

📆 12/9/2021 10:45 PM
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Some Exxon investors think the new board isn’t making enough progress on carbon targets and want boss Darren Woods to go. Both sides have an interest in keeping investment in check, writes TheRealLSL.

A group of investors in Exxon Mobil want the company to replace Chief Executive Darren Woods and act more aggressively to slash greenhouse gas emissions, they said in a paper published on Dec. 9.

The Coalition for a Responsible Exxon , which brings together over 135 signatories who collectively represent approximately $2.5 trillion in assets, said the fossil fuel giant’s management and board have been too slow to reshape the company.FILE PHOTO: A view of the ExxonMobil Baton Rouge Refinery in Baton Rouge, Louisiana, U.S., May 15, 2021. Picture taken May 15, 2021.

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