Shareholder's Climate Revolt Gathering Speed at ExxonMobil. By Andrew Clark, London Guardian, May 19, 2008. "A shareholder revolt at ExxonMobil led by the billionaire Rockefeller family has won the support of four significant British institutional investors who will call [today] for a shakeup in the [company's] governance... [They] are throwing their weight behind a resolution demanding that ExxonMobil appoints an independent chairman to stimulate debate on the company's board... over its hardline approach to global warming. [See CCC Weekend Edition, May 12.] The firm has refused to follow rival oil companies in committing large-scale capital investment to environmentally friendly technology... If the rebellion continues... Exxon could suffer an embarrassing defeat at its annual meeting in Dallas later this month... In the U.S., three advisory firms... have urged fund managers to support the Rockefellers' resolution."
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