(Bloomberg) — After coming under attack from both environmentalists and investors in the first half of his seven-year tenure at the helm of Exxon Mobil Corp., Darren Woods is on the offensive. Most Read from Bloomberg Already this year, Woods filed an arbitration case against Chevron Corp. for attempting to buy into Exxon’s massive offshore
Published: Feb. 8, 2024 at 6:41 a.m. ET By Christian Moess Laursen One of the largest pension funds in the Netherlands, PFZW, has sold all of its stakes in Shell, BP and TotalEnergies, saying they aren’t investing fast enough in the switch from fossil to low-carbon fuel. PFZW–which managed around $256 billion at the end
A pair of activist investors have pulled their request for shareholder votes on climate-related proposals after ExxonMobil sued to keep them off the ballot at the company’s upcoming meeting. But while Arjuna Capital and the environmental group Follow This say they will not refile the proposals, Exxon still wants a U.S. court in Texas to
This week’s Current Climate, which every Monday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. getty Our insatiable appetite for web-based services and streaming platforms has required the construction of ever more powerful data centers, all of which need more and more electricity
One fund to solve all your problems—it’s the dream of every investor who wants the simple life. But for all except aggressive investors with 100% in stocks, it was largely impossible until recently, with interest rates close to 0% before 2022, which rendered the bond portion of any balanced or allocation fund invested in both