Exxon Investors Float Climate Measures To Shrink Company From Within
In addition to protests on the street, big oil companies are facing a growing push from their own investors to overhaul their business model in light of climate change.
At a shareholders meeting today in Dallas, ExxonMobil investors will vote on several advisory measures, including calls to cut spending on new oil exploration in the Arctic. The activist investors behind the measures, which are nonbinding, say flagging fossil fuel profits are evidence that the world’s biggest oil company needs to adapt its business model.
Other Exxon investors say the proposals amount to the company planning its own demise.
Here & Now’s Robin Young speaks with Natasha Lamb, a portfolio manager for Arjuna Capital, the investment company proposing the shareholder measures.
- Natasha Lamb, director of equity research and shareholder engagement for Arjuna Capital. She tweets at @nllamb.
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