Mona Dohle’s Post

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Editor Net Zero Investor / LGPS Editor Room 151

Today, Exxon's shareholders voted overwhelmingly in support of the oil firm's leadership despite an organised investor campaign against the board. This is perhaps not surprising, given that major shareholders BlackRock, State Street and Vanguard (shall we call them the the tacit three at this stage?) were always unlikely to support the campaign. So what's next for climate conscious asset owners? Are we to conclude that it is unlikely oil and gas firms will abandon their (very profitable) core business? Is there even any point in engaging with them? And if you can't engage, can you justify remaining invested?

Thanks Mona for defending the fort...#blessed

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