Exxon facing shareholder revolt over approach to climate change
Here’s an interesting news tidbit! EXXON (you know, of the Valdez) board members are being confronted by major shareholders because of a lack of major investment into evironmentally friendly power systems like wind and solar energy. Wow!
I guess the shareholders (including the Rockefeller family, which started the business that became Exxon way back when) have gotten really tired of how other oil companies like BP and Shell have been moving forward with new energy types and Exxon is still languishing back in the 20th century:
“Exxon is facing a rebellion from its investors 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.”
Hey, I think this is great. I mean, apart from Exxon not paying its Valdez-related bills, now the folks that really matter in the company are wanting them to get more green!
Originally reported by the Guardian but I spotted this on ENN, the Environmental News Network.
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