New Activist Investor Wants Exxon To Invest More In Clean Energy ...Middle East

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New Activist Investor Wants Exxon To Invest More In Clean Energy
source : OILPRICE ( Middle East ) () 23
ExxonMobil faces renewed pressure from investors to change with the times and invest more in clean energy after a new activist investor firm is setting up a proxy fight nominating four independent directors to the oil supermajor’s board at next year’s meeting of shareholders. Engine No. 1, which launched its business last week, immediately set to work to demand that Exxon reinvent itself for “much-needed change.” In a letter sent to Exxon’s board on Monday, the activist investor firm said that while no company in the…

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