Exxon adds Ubben to board ahead of AGM
ExxonMobil has appointed Jeff Ubben to its board, in an apparent concession to demands made by the activist investor to reposition its business model to reduce the impact of its business on climate change.
Exxon urged to implement net zero targets, board reshuffle
CA100+ investors 'raise ambition' with five key shareholder resolutions
Climate Action 100+ (CA100+) says key shareholder resolutions filed with the likes of ExxonMobil, Berkshire Hathaway and General Motors are a sign of "raised ambition" among investors in this year's annual general meeting (AGM) season.
Hedge fund veteran plotting $8bn impact fundraise
US hedge fund manager Jeffrey Ubben is planning to raise up to $8 billion for a new impact fund, according to Reuters.
S&P warns of oil & gas downgrades amid 'transition risks'
Ratings agency S&P has warned 13 oil and gas companies that they face a credit downgrade within weeks, citing risks associated with the transition to a low-carbon economy and competition from renewables.
News Round Up: ExxonMobil, Legal & General, and more
CA100+ ups pressure on corporates to align lobbying with Paris Agreement
Institutional investors with a combined $6.5 trillion in AUM have issued "urgent" demands to 47 of the largest US-based corporate greenhouse gas (GHG) emitters to disclose their climate lobbying practices.
CA100+ creates benchmark for net-zero emissions
Engagement initiative Climate Action 100+ (CA100+) has developed a tool for companies to use when developing strategies for transitioning to net-zero carbon emissions.