Exxon facing shareholder revolt over approach to climate change


ENN, May 19, 2008

A shareholder revolt at ExxonMobil led by the billionaire Rockefeller family has won the support of four significant British institutional investors who will call on Monday for a shakeup in the governance of the world's biggest oil company. [..] Exxon is facing a rebellion over its hardline approach to global warming. The firm has refused to follow rival oil companies in committing large-scale capital investment to environmentally friendly technology such as wind and solar power. Read more...

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