Exxon Chief's Response to Calpers' Allegations Sparks Debate

Tuesday, 28 May 2024, 11:00

Exxon CEO's strong criticism of Calpers for fueling shareholder revolt has ignited a heated debate in the financial community. The pension fund accuses the oil giant of stifling free speech by taking legal action against climate-focused shareholders. This clash highlights the escalating tension between traditional energy companies and investors demanding greater environmental accountability.

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Exxon Chief's Response Sparks Debate

Exxon's CEO has made headlines by strongly criticizing Calpers, accusing them of stoking a shareholder revolt.

Allegations of 'Anti-Speech Effort'

The pension fund has accused the oil major of hindering free speech with legal action against climate-focused shareholders.

Increased Tension in Financial Community

This clash underscores the growing rift between traditional energy firms and investors pushing for greater environmental responsibility.

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