Topline
Engine No. 1, a hedge fund which has been pushing for Exxon to gradually move away from fossil fuels, now has two of its nominees on the 12-member board, Exxon said, a move that could push the oil behemoth into moving more forcefully into cleaner energy amid growing concerns about climate change from investors, governments around the world.
Photo by: John Nacion/STAR MAX/IPx 2020 10/20/20 A view of an Exxon logo at a Gas Station in ... [+]
Key Facts
Exxon said the final vote was not yet determined as of early afternoon, and the final composition of the board remained unclear.
Exxon CEO Darren Woods was also reelected to the board.
Engine No. 1 had sought to place four of its nominees on Exxon’s board.
This is a developing story, please check back for further details.
