Largest US public pension plan weighs vote against Exxon CEO over climate lawsuit [FT.com - Mergermarket]
Exxon Mobil Corporation (XOM)
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Source: FT.com - Mergermarket
Attracta MooneyJosephine CumboMyles McCormickJump to comments sectionUnlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Calpers, the ’s biggest public pension plan, is weighing a vote against ExxonMobil chief executive Darren Woods’ re-election to the company board as shareholder discontent brews over a lawsuit it filed against two climate-focused investors.Exxon sued Dutch shareholder group Follow This and investment adviser Arjuna Capital to block a resolution they introduced demanding it do more to cut its greenhouse gas emissions. The oil supermajor has persisted with theMichael Cohen, chief operating investment officer at Calpers, said in an interview that the $463bn pension fund was “deeply concerned” about the case, warning it appeared to be an effort to silence critical shareholders.“Exxon has gone well beyond any other company that we’re aware of in terms of suing shareholders for trying to bring forward
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XOM
News
- Exxon faces opposition from CalPERS after 'devastating' anti-ESG activist suit [MSNBC.com]MSNBC.com
- ExxonMobil (XOM), Pertamina Progress on CCS Hub in Indonesia [Yahoo! Finance]Yahoo! Finance
- Exxon faces opposition from CalPERS after ‘devastating' anti-ESG activist suit [CNBC]CNBC
- Calpers to Oppose All Exxon Directors Amid Shareholder Dispute [Yahoo! Finance]Yahoo! Finance
- Calpers to Oppose All Exxon Directors Amid Shareholder Dispute [BNN Bloomberg (Canada)]BNN Bloomberg
XOM
Earnings
- 4/26/24 - Miss
XOM
Sec Filings
- 5/20/24 - Form DEFA14A
- 5/20/24 - Form PX14A6G
- 5/17/24 - Form DEFA14A
- XOM's page on the SEC website