Engine No.1 slams Exxon's 'narrow' and 'shortsighted' climate strategy

摘要

Activist investment fund Engine No.1 yesterday repeated its demand that ExxonMobil set itself on the path to net zero by 2050, after claiming that the US supermajor’s current trajectory is “nowhere near” being consistent with the goals of the Paris agreement. Engine No.1's letter signals growing pressure on Exxon to follow in the steps of its European counterparts in laying out a detailed plan to reach net zero by mid-century, amid ever increasing ESG concerns amongst investors.