| From: Ms. Baby Boomer | 3/3/2021 10:05:49 AM | | | | | | Investor coalition pushes Exxon to do more after board refresh...
BOSTON, March 3 (Reuters) - A coalition of investors that oversees $2.5 trillion in assets urged ExxonMobil on Wednesday to take bolder action to slash greenhouse gas emissions and make key governance changes.
The Coalition for a Responsible Exxon (CURE), which has 145 members, said the energy giant Exxon had taken steps in the "right direction" amid pressure from activist investors to cut costs, refresh its board and focus more on clean energy.
But the group said in a statement more work still lay ahead for one of the world's biggest oil and gas companies.
It said it wanted Exxon to commit to a deeper, long-term shift in capital allocation strategies to make its operations consistent with the Paris accord on tackling climate change.
The company should make additional changes to its board to "address fiduciary and climate concerns", as well as split the chairman and chief executive posts, the group said.
Exxon, one of America's most well-known brands, named three new directors in the last five weeks, steps the coalition said showed "that the company may intend to change".
Darren Woods, Exxon's chief executive and chairman, said on Wednesday the company was "committed to growing shareholder value by meeting the world's energy demands today and pursuing a technology-driven strategy to succeed through the energy transition."
Investment firms Engine No. 1 and D.E. Shaw have pressed for changes at Exxon for months. Engine No. 1 has pushed for the naming of directors with more energy industry expertise.
On Monday, Exxon named activist investor Jeffrey Ubben and former Comcast Chief Financial Officer Michael Angelakis as directors.
Exxon's share price has climbed 36% since January but the company also reported a $22 billion loss last year. (Reporting by Svea Herbst-Bayliss; Editing by Edmund Blair)....
finance.yahoo.com
NOTE: Inclusive Capital Partners, LP is the second largest Holder of Nikola Corp.
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| To: Ms. Baby Boomer who wrote (164) | 3/3/2021 6:31:28 PM | | From: Ms. Baby Boomer | | | | Perhaps, the SEC could expand on their open investigation of Nikola Corp.
as to violations under The Act by orchestrated Short Seller(s) to include
Naked Short Selling which is Illegal...
Just a thought....
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| From: DJK1 | 3/5/2021 9:26:23 AM | | | | | | Wireless EV Charging Transforms a California Transit Agency
By Tom McDonald, WAVE Sr. Director,
Marketing & Communications
In 2014, the Antelope Valley Transit Association (AVTA) leadership set an ambitious goal — to become the first transit operator in the United States to roll out electric bus technology across its entire service area. However, the Los Angeles County agency faced a significant challenge: How to efficiently recharge buses on routes as long as 350 miles.
https://ideanomics.com/ideanomics-february-2021-newsletter/ |
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