Business
The little engine that could: Exxon board tilt could reverberate around the world – Sydney Morning Herald
A remarkable, high-profile and high-stakes fight in the US could see the board of what was once the world’s most valuable company radically overhauled by a hedge…
It has been reported to have spent more than $US35 million ($45.1 million) in its defence (Engine No.1 is said to have spent $US30 million), has announced new directors of its own, foreshadowed the appointment of two more (one with climate experience), begun reporting its Scope 3 emissions, created a low-carbon business unit and suggested it might develop a $US100 billion carbon capture and storage facility in Texas.
It is, however, acutely vulnerable because, separate to its increasingly-isolated…
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