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“New Yorkers could sue Big Oil and other polluters for climate ‘negligence’ under Myrie bill” A Brooklyn Democrat is taking aim at fossil fuel companies over climate change with a proposed bill that critics say might help lawyers more than Mother Earth. The new legislation introduced by State Sen. Zellnor Myrie (D-Brooklyn) would allow people…
“#BlackRock’s ‘No. 1’ goal in ‘woke’ investing: Huge ESG-funds haul” Progressives love the story of Engine No. 1, a small activist investor that just fought its way onto the board of what many wokesters consider the most vile company in the world: oil giant ExxonMobil. Most activists — think Paul Singer and Carl Icahn —…
“#Activist Engine No. 1 wins third seat on Exxon board” ExxonMobil shareholders elected a third director nominated by hedge fund Engine No. 1 to the oil company’s board, the company said on Wednesday, extending the new firm’s upset victory at one of America’s most iconic corporations. The election was a shock to an energy industry…
“#Engine No. 1 plans new socially conscious ETF” Investment firm Engine No. 1, which last week won at least two seats on Exxon Mobil Corp’s board, is planning to launch an exchange-traded fund that will focus on socially conscious investing, according to a regulatory filing. The portfolio will be called the Engine No. 1 Transform…
“#Exxon loses board seats to activist hedge fund in landmark climate vote” A tiny hedge fund dealt a major blow to ExxonMobil on Wednesday, unseating at least two board members in a bid to force the company’s leadership to reckon with the risk of failing to adjust its business strategy to match global efforts to combat…
“#Chuck Schumer can’t stop woke progressives from chucking out SEC pick” Chuck Schumer apparently isn’t progressive enough for today’s Democratic Party. Further proof can be found in the strange, fleeting tenure of Alex Oh as head of the Securities and Exchange Commission’s enforcement division. It’s yet another example of how Democrats like Sen. Schumer who…
“#ExxonMobil, Chevron reportedly discussed merger last year” The heads of ExxonMobil and Chevron considered merging the two oil giants last year in a deal that may have been the largest corporate marriage ever, according to reports. Exxon CEO Darren Woods and Chevron chief Mike Wirth discussed the megadeal after the start of the coronavirus outbreak…