Exxon investors warned of ‘existential’ risk from emissions goals – Financial Times
ExxonMobil faces an “existential business risk” by pinning its future on fossil fuels as governments move to slash emissions, an activist hedge fund will tell investors in the final push of its battle to overhaul the supermajor’s board.
“ExxonMobil still has no credible plan to protect value in an energy transition”, says an 80-page investor presentation, seen by the Financial Times, in which Engine No 1 excoriates the company’s “value destruction” and “refusal to accept that fossil fuel demand…
