Coalition United for a Responsible Exxon (CURE) Publishes Paper Addressing Long-Term Deterioration in ExxonMobil’s Performance and Shareholder Returns
Exxon Mobil Corporation (XOM)
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Source: GlobeNewswire
NEW YORK, May 06, 2021 (GLOBE NEWSWIRE) -- The Coalition United for a Responsible Exxon (“CURE” or the “Coalition”) today published a paper that analyzes ExxonMobil Corporation’s (NYSE: XOM) (“Exxon”) critical governance failures and poor performance. The paper provides a number of concrete recommendations to strengthen Exxon’s governance and develop a new strategic direction in line with the Paris Agreement on Climate Change. As of today, CURE represents over 135 stakeholder organizations, who collectively represent $2.5 trillion in assets focused on sustainability and committed to delivering long-term returns that account for the realities of a changing energy sector. Josh Zinner, Executive Director of Interfaith Center for Corporate Responsibility and a member of CURE, commented, “Once the largest public company in the world, Exxon’s current market capitalization is half the size of its peak in 2007. As investors committed to energy transition, we can no longer stand by idly wat
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