Engine No. 1’s Big Win Over Exxon Shows Activist Hedge Funds Joining Fight Against Climate Change
DeSmogBlog
MAY 27, 2021
In a May 26, 2021 vote, Exxon shareholders approved at least two of the four board members Engine No. In other words, hedge funds focus on short-term returns – not long-term concerns such as climate change or even a company’s own future profitability. Exxon Mobil Corp. Exxon Mobil Corp. Hedge Funds to the Rescue?
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