—which includes three directors successfully nominated by an activist investor in May and two other new members—have expressed concerns about certain projects, including a $30 billion liquefied natural gas development in Mozambique and another multibillion-dollar gas project in Vietnam, the people said., and the world is experiencing a shortage of fossil fuels as economies emerge from the pandemic.
Exxon said it doesn’t discuss internal board deliberations. “Any depiction of the board’s discussions as being less than constructive in tone or substance is wrong,” said Exxon spokesman Casey Norton. Mr. Norton said the analysis of projected carbon emissions the Journal reviewed was several years old and didn’t include the impact of Exxon’s most recent emission reduction plans and other post-Covid-19 changes.
The activist was successful in part because it was able to win support from some of the company’s largest investors, includingand Vanguard Group. The asset managers said one of the reasons they supported the Engine candidates was that Exxon’s board lacked energy expertise and independence. But Mozambique lacks infrastructure and is fighting an Islamic State-linked insurgency that has claimed more than 3,000 lives.SE halted construction of a $20 billion gas project there in March after violence erupted near its construction site. Exxon spent $2.8 billion to acquire a stake in the Rovuma project but has delayed a final investment decision for several years. Exxon hasn’t disclosed an exact estimate of the project’s cost; Mozambique has estimated it at $27 billion to $33 billion.
***( NINGUÉM PODE COM A VERDADE — A NÃOOO SER A PRÓPRIA VERDADE — PORTANTOOO ; TUDO QUE ESTIVER COBERTO — SERÁ / DESCOBERTO )*****
XOM are the worst example of a large company giving in to lefty propaganda. They lost their way and will continue doing so unless reality kicks in.
I believe in that
They should abandon all of them, amd turn themselves in for war crimes.
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