We have recently upgraded our technology platform.
By Kiana Wilburg .
May 30, 2020 News 0. ExxonMobil's 2020 Investor Day will be held on
It is almost five months since the March 2 elections and to my mind we have entered the zone of a stalemate. Oil & Gas. Good governance is essential for creating long-term viability of business and the economic development of the communities where we operate.ExxonMobil’s Board of Directors oversees the Company’s actions to address risks associated with our business, including risks related to climate change. Exxon Mobil Corp (XOM) Q4 2019 Earnings Call Transcript XOM earnings call for the period ending December 31, 2019.
Read or listen to the conference call. Motley Fool Transcribers (MFTranscribers) Jan 31, … Church fund urges other ExxonMobil investors to sack board over climate This article is more than 2 months old. ExxonMobil is under pressure from investors to make climate commitments ahead of its 2020 shareholder meeting (Credit: Flickr/Mike Mozart)Pressure is mounting on ExxonMobil executives to take more decisive action on climate change, after major investor Legal & General confirmed plans to oppose the re-election of board chairman Darren Woods at this year’s shareholder meeting.The investment arm of the UK asset manager, which controls a fund of just under £1.2bn ($1.5bn), raised concerns about the Texas oil major’s “persistent refusal” to disclose its full carbon footprint and to set emissions targets at a time when other industry peers are Legal & General Investment Management (LGIM) joins other climate-concerned shareholders The investment firm said the combined role of chairman and CEO is an issue it is taking seriously across its portfolio, claiming a “better balance of authority and responsibility” would be achieved through separation.LGIM’s head of sustainability and responsible investment Meryam Omi said: “We remain concerned by Exxon’s lack of strategic ambition around climate change. Join 23,402 other subscribers
ExxonMobil’s Chief Executive Officer (CEO) and Chairman, Darren Woods, has often said the American oil giant subscribes to the principles of transparency and accountability, but when it comes to the practice or implementation of those doctrines, ExxonMobil does have its limits.
If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.Feel free to send us your comments and/or criticisms.Enter your email address to subscribe for FREE to this website and receive notifications of new content by email. ExxonMobil Probably Won't Hike Dividend in 2020: Why Investors Shouldn't Worry (Yet) Exxon didn't increase its dividend as it normally would in the second quarter. 2020 2Q 2020 | July 31, 2020.
The SEC decision on ExxonMobil has aroused the ire of major investors, including 37 major money managers with $9.5 trillion in assets. To remain successful in a low-carbon world, companies must act today, aligning their capital decisions with the goals of the Paris Agreement, and setting stretching targets.“We are seeing many of Exxon’s peers step up, and reaffirm their sustainability ambitions even amid The Church Commissioners for England – an investment branch of the Church of England – and the New York State Common Retirement Fund both expressed “profound dissatisfaction” with Exxon’s apparent lack of engagement with climate issues last month, in an open letter to fellow shareholders.In it, they said they will support resolutions to oust the current board of directors, appoint an independent chairman and demand greater transparency on political lobbying activities.Both groups are members of the increasingly influential Climate Action 100+ shareholder initiative, which controls more than $40tn in global assets having recently added BlackRock — the world’s largest asset manager — to its roster, and has been Last year, a vote to split the dual role of board chairman and CEO at Exxon received 40% approval from shareholders, while a vote for greater lobbying disclosure received 37% investor support.The US oil major has advised shareholders to vote against each of these proposals at this year’s annual meeting, due to take place on 27 May.The firm has defended its board structure, saying the combined role of CEO and chairman held by Woods delivers “significant benefits” to shareholders by ensuring “items of greatest importance for the business are brought to the attention of, and reviewed by, the board on a timely basis”.Industry rivals including BP, Royal Dutch Shell, Repsol and Total have each announced decarbonisation LGIM’s Omi added: “We believe that the separation of combined CEO and board chair roles provides a better balance of authority and responsibility.