ExxonMobil board requires “significant change” and the candidates submitted by Engine No. 1 are equipped with the skills needed to address the company’s financial underperformance, the California State Teachers’ Retirement System said.
- The company’s plan to invest
$3 billion over five yearson carbon capture and lower-emission energy technologies is inadequate, CalSTRS said in a statement.
- “We are concerned that this minor investment is not part of a bigger and more significant long-term strategy to remain competitive in a rapidly changing world,” CalSTRS said
- One director is not enough to drive the systemic change necessary at ExxonMobil: CalSTRS
- NOTE: CalSTRS, ...