Oil giant ExxonMobil’s 12-member board of directors reportedly has two new members who are climate activists backed by investor “Engine 1.”
Under the headline, “Shareholders tell Exxon to eat sh*t,” G/O Media and Earther “reporter” Molly Taft gleefully ends paragraph 1 with, “Don’t let the door hit you on the way out!?” The widely read journalist explained that “The bigger boys in the room [notably financial giant BlackRock] decided to play along,” prompting “panicked” Exxon officials to pause voting, but only after two of the four Engine 1 candidates (of the three endorsed by BlackRock) had been voted onto the board. “Too bad, guys,” Taft gloated.
In truth, the battle to alter ExxonMobil was over before the latest skirmish began. Taft herself reported that Exxon had promised to add “other more climate friendly directors” to its board in an effort to appease a few noisy investors.
Two weeks earlier, Canadian activist Seth Klein had declared it was “time to stop playing nice with fossil fuel companies,” which in his mind are “villains” who “outright lied for decades about the truth of climate change” and work tirelessly to “delay and divert the need for climate action.” The fossil fuel industry, said