Exxon Faces ‘Existential’ Risk Over Fossil Fuels Focus, Activist Investor Warns

A major activist investor continues to pressure ExxonMobil to slash its emissions, or face an “existential business risk” by failing to do so.

A major activist investor continues to pressure ExxonMobil to slash its emissions, or face an “existential business risk” by failing to do so. Investors say that Exxon cannot keep relying on fossil fuels, and that the company has no credible plan to protect value in a transition toward greener energy. (Financial Times)

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