Despite pressure on global corporations to move away from fossil fuels in favor of cleaner energy like wind and solar, Exxon has not bet big on renewables like many peers. So far, shareholders profited as the share price more than doubled since early 2021 when activist investors publicly pushed for changes.
“Investor pressure has decreased; they’re backtracking… the big investors are enabling this,” said climate investment group Follow This founder Mark van Baal.
Read the full article on Reuters
