About: http://data.cimple.eu/news-article/990980fc86e31d937391cb8d359f8cbb3de26146c22474e884f900e7

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About: http://data.cimple.eu/news-article/990980fc86e31d937391cb8d359f8cbb3de26146c22474e884f900e7 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Activist investor fund Engine No. 1 stands poised to fill three board seats at ExxonMobil following a hotly-contested shareholder vote, the company said Wednesday. The announcement is a victory for the fund that has pushed the company to do more to address climate change. The oil giant, which defended its policies against criticism from Engine No. 1, released "updated preliminary results" after an earlier tally was too close to call and indicated a gain of at least two spots The result, which still must be certified, means Engine No. 1 nominee Alexander Karsner will join fellow candidates Gregory Goff and Kaisa Hietala on the board of ExxonMobil. The company last week announced the election of Goff and Hietala, along with that of several incumbent directors. "We are grateful for shareholders' careful consideration of our nominees and are excited that these three individuals will be working with the full board to help better position ExxonMobil for the long-term benefit of all shareholders," Engine No. 1 said in a statement. ExxonMobil Chief Executive Darren Woods said he looked forward to working with all directors "to build on the progress we've made to grow our long-term shareholder value and succeed in a lower-carbon future." Long criticized over its policies on the environment, ExxonMobil had sought to persuade shareholders of its commitment to address climate change by establishing in January a new "low carbon solutions" business to commercialize carbon capture technology and announcing two new board members in March. But Engine No. 1 criticized those steps, saying they were insufficient to prepare the oil giant for an era when more aggressive climate mitigation policies are expected to lessen dependence on oil and natural gas. The outcome of the vote was an indication of how climate change has become a mainstream issue for investors. Asset management giant BlackRock voted for all three of the successful Engine No. 1 candidates, saying they would "bring the fresh perspectives and relevant transformative energy experience to the board." jmb/hs
schema:headline	Activist fund poised to take 3 seats on ExxonMobil board
schema:mentions	Energy independence ExxonMobil Carbon Natural gas BlackRock Global warming Carbon capture and storage Energy development Asset management Climate change mitigation Pope Gregory I Alexander I of Russia
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-06-02 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	76 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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