US giant in board challenge

摘要

EXXONMOBIL is being challenged by a new investment firm aiming to replace four of its board members in an effort to revamp the US supermajor's outlook on clean energy and diversify its portfolio beyond fossil fuels. The investment outfit, Engine Nol, is backed by the California State Teachers' Retirement System pension fund that owns more than $330 million in ExxonMobil stock. The firm itself owns some $40 million in stock, according to Reuters, totalling some 0.2% of ExxonMobil's total market capitalisation.