In a move that could signal a significant shift for Big Oil, Exxon Mobil faces mounting pressure from investors unhappy with the company’s handling of climate change activism. This investor discontent centers on a lawsuit Exxon Mobil filed against two small shareholders who proposed a climate resolution.
Investor Activism
-
-
Shell is facing pressure from a major investor group to set stricter climate targets aligned with the Paris Agreement. The investor group, managing $4 trillion, argues Shell’s current goals are insufficient. Shell claims the proposal would hurt its finances and hinder the energy transition. The outcome of the shareholder vote on May 21st remains to be seen.