Exxon’s Climate Fight With Investors Won’t Be the Last ...Middle East

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Exxon’s Climate Fight With Investors Won’t Be the Last
ExxonMobil’s multi-front tussle with investors over the company’s positioning on climate change escalated last week when CalPERS, the largest U.S. pension fund, announced it would vote against every member of the company’s board of directors at its annual meeting on May 29. The divergence between how Exxon and some of its investors view their financial interests demonstrates a new dynamic bound to grow as climate change becomes a more urgent societal challenge. [time-brightcove not-tgx=”true”] The fight between Exxon and its investors dates back to 2021, when a majority of investors rejected several of management’s board nominees in favor of candidates who promised to push t

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