1. Exxon Pushed for Net-Zero Goal by Activist Shareholder

    The Edge Markets BoardNews
    Exxon Pushed for Net-Zero Goal by Activist Shareholder

    Exxon Mobil Corp has already upped its climate plans, only three months into an activist investor’s campaign to force change inside the company. Now the group, Engine No. 1, is pushing the oil giant to set a new goal: net-zero greenhouse gas emissions by 2050. Engine No. 1 released a letter on Monday reiterating its call for Exxon to overhaul its board of directors by adding four new members who have the expertise to steer the company towards climate neutrality...

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    1. What's maybe most surprising is that Exxon actually acted off the back of Engine No. 1's first letter.
    2. There's a highly uneven response to the climate challenge from the oil and gas industry.

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