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The social megatrend of increased influence by environmentalists is now shaking the holy of holies: the boardrooms of supermajors. After six-months of proxy conflict and vote counting, environmentalist investors have claimed victory in their clash against the largest U.S. oil company – ExxonMobil XOM +3.6%. Three seats on ExxonMobil’s twelve-member board appear to have been …

The post Big Oil’s New Shareholder Activism: Problem Or Solution? first appeared on Hellenic Shipping News Worldwide.

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