UPDATE 1-Calpers weighs voting against Exxon CEO's re-election as board chair, FT reports [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
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Source: Yahoo! Finance
considering a vote against ExxonMobil chief executive Darren Woods' re-election to the company's board in the face of shareholder discontent over a lawsuit it filed against two climate-focused investors, the Financial Times reported on Friday. Investors led by U.S. activist investment firm Arjuna Capital and shareholder activist group Follow This earlier this year asked Exxon and other oil majors to adopt tighter climate targets and to set targets to reduce emissions produced by users of its products. In January, Exxon filed a complaint in a Texas court seeking to prevent a climate proposal by activist investors from going to a vote during the company's shareholder meeting in May. Arjuna Capital and Follow This subsequently withdrew the proposal but Exxon said in February that it would continue to pursue a lawsuit against the two activist investors. California Public Employees' Retirement System (CalPERS)chief operating investment officer Michael Cohen told the newspaper that
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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
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- 5/20/24 - Form PX14A6G
- 5/17/24 - Form DEFA14A
- XOM's page on the SEC website