Big Law
An Activist Investor Pressures Exxon Mobil to Rethink its Climate Action Plan
Activist investor Mark van Baal has pushed nearly every European oil major to rethink its climate action plan, since filing his first shareholder resolution in 2016.
Now, he’s setting his sights on America’s largest oil company.
In an interview with Yahoo Finance, van Baal said his investor group FollowThis has filed a shareholder resolution requesting that Exxon Mobil (XOM), for the first time, set and publish medium- and long-term targets to reduce greenhouse gas emissions and energy products, consistent with the goal of the Paris Climate Agreement.
