Norway's $1.6 trillion sovereign wealth fund plans to vote against the reappointment of Exxon's lead independent director, Joseph Hooley, due to Exxon filing a lawsuit against climate-focused shareholders. The fund's decision is part of a broader shareholder activism dispute, with officials from 19 Republican US states supporting Exxon and urging major money managers not to vote against Exxon's directors.
Turns out “free market” ESG requires weaponizing blue state pensions and the entire financial regulatory apparatus to destroy Western energy companies. Whups! https://t.co/es08yRa0XD
Highlighting Exxon lawsuit, investors urge firms to keep shareholder spats out of court https://t.co/7SgeEx1Lch
Political attacks on ESG are working... at least in the corporate and financial rhetoric. https://t.co/sJD5E9eJhj https://t.co/Cc99KHCdBu
🇳🇴Norwegian oil companies to make record high investments in 2024 Norwegian oil and gas investments are expected to hit a record high this year and will remain strong in 2025, driven by a string of new developments as well as cost inflation, a national statistics office (SSB)…
Oil and gas companies operating on the Norwegian continental shelf will spend 247 billion kroner ($24 billion) this year, reflecting growth in investments for exploration and on existing fields https://t.co/KM7DNqbkv6
Norwegian oil companies further boost investments in 2024 and 2025 https://t.co/zeb7pNAkq8 https://t.co/I2mQOn6xNm
"If enough Americans vote with their dollars and tell their brokers to cease and desist, this shareholder revolt can end the scourge of ESG once and for all," argues @StephenMoore https://t.co/i92FbiS8Q8
“The goal of much of the ESG movement was to prod investors and corporations into adopting anti-fossil-fuel plans that voters were unwilling to vote for. Now the SEC is using the direct force of government to do the same thing.” https://t.co/JBlMq9Jugx
Officials from 19 Republican US states extended support to Exxon in the oil giant's shareholder activism dispute, urging companies including BlackRock, Goldman Sachs and JPMorgan not to vote against Exxon's directors at a shareholder meeting next week https://t.co/2gdqTMW8Wh https://t.co/RHDOrDry3e
Norges Bank Investment Management, the sixth biggest shareholder in Exxon, said it will vote against the reappointment of Exxon's lead independent director, Joseph Hooley, due to the oil giant's lawsuit targeting two climate activist investors https://t.co/3jWrzQf92r https://t.co/EMPoOMkpCh
The world’s largest sovereign wealth fund will vote against the re-election of Exxon Mobil's lead independent director over a move by the oil giant that the fund says undermines shareholder rights https://t.co/Xtsi4NFjrK
Officials from 19 Republican U.S. states urged major money managers not to vote against ExxonMobil's directors at a meeting next week where some shareholders plan to voice their opposition to a lawsuit launched by the oil company against climate activists. https://t.co/naWDZad8eG
Norway’s oil fund to vote against ExxonMobil in clash over shareholder rights https://t.co/yhkLNmV0d5
Norway’s Oil Fund to Vote Against Exxon Mobil Amid Shareholder Rights Concern https://t.co/uhd2a4UgvW
Norwegian ESG climate hypocrisy: As Norway's state oil company @Equinor pumps all the oil it can to fill the coffers of the Norwegian sovereign wealth fund, Norway's sovereign wealth fund, in turn, attacks Equinor's competitors (like @ExxonMobil and @Shell) with ESG nonsense.… https://t.co/gik3wveEeh
Officials from 19 Republican US states urged major money managers not to vote against ExxonMobil's directors at a meeting next week where some shareholders plan to voice their opposition to a lawsuit launched by the oil company against climate activists https://t.co/2gdqTMWGLP https://t.co/DdSKlmKSNI
California is mad because the 2022 ESG coup at Exxon Mobil’s board hasn’t delivered the expected outcome (destroying the company’s core business). Turns out oil companies still need to make money, and guess how they do that. https://t.co/34ozbvkhhO
Norway wealth fund to oppose Exxon director over shareholder lawsuit https://t.co/RtGYoYqPQl https://t.co/aED0hoGLTF
Norway’s sovereign wealth fund to oppose Exxon director over shareholder lawsuit https://t.co/0Jm8fCPYV0
Norway wealth fund to oppose Exxon director over shareholder lawsuit - Reuters
Norway wealth fund to oppose Exxon director over shareholder lawsuit #oott https://t.co/2nbcorUYAf
Norway's $1.6 trillion sovereign wealth fund said it will vote against the reappointment of U.S. oil giant Exxon's lead independent director, Joseph Hooley, due to the company's lawsuit targeting climate activist investors https://t.co/3jWrzQfGRZ https://t.co/11NripgZMH
#Norway’s $1.6 trillion wealth fund will vote against the election of Exxon Director Joseph Hooley, after the oil giant filed a lawsuit against climate-focused shareholders https://t.co/G48I0mBAyN by @TwigaLundgren
Norway’s $1.6 trillion wealth fund will vote against the election of Exxon Director Joseph Hooley, after the oil giant filed a lawsuit against climate-focused shareholders https://t.co/zwfARHnG1P
“pushing companies against fossil fuels harms everyone. From 2011-2021, ESG contributed to oil and gas exploration investments declining 50%. Less investment = less supply = higher energy prices = higher prices for everything.” https://t.co/JBlMq9Jugx https://t.co/pBMYZRN1TF