.EngineNo_1, a small and little-known investment firm, invested some $40 million, wound up with three ExxonMobil board seats, and demanded the giant corporation implement a clean energy strategy that had teeth.
Last year, a small and little-known investment firm came out of nowhere and defeated the board of Exxon Mobil, the biggest American oil company. Engine No. 1 invested some $40 million, won a shareholder vote, and wound up with three Exxon Mobil XOM, -1.64% board seats, demanding the giant corporation implement a clean energy strategy that had teeth.
Jennifer Grancio, Engine No.1’s CEO, is pushing the firm forward as it works to broaden the ESG movement. She has helped to reinvent the investing industry before. As a member of the team that founded the iShares ETF family at Barclays and expanded it at BlackRock, Grancio played a role in ushering in the era of passive investing.
On MarketWatch’s 25th anniversary, we wanted to ask Grancio what she thought was in store for us when it comes to ESG investing. Here are her lightly edited comments:Grancio: I’m looking forward to reading that battery electric vehicles have taken over internal combustion engines and, more to the point, I think in five years when we look at the best, hottest, most fun cars of the year, they’re going to be battery electric. We will be on the other side of this transition.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD Forex Signal: Pound Retreat to Continue SoonThe GBP/USD continued dropping on Monday as the market reflected on the strong American jobs data.
Read more »
GBP/USD Forex Signal: Pound Retreat to Continue SoonGet today's long and short trade ideas for the GBPUSD pair here: forexsignals forextrading TradingSignals
Read more »
Most electric car buyers don't switch back to gasWhen it's time to buy a new car, most existing EV owners go for another electric
Read more »
Volvo Global Plug-In Car Sales Returned To Growth In September 2022Last month Volvo sold 15,436 plug-in electric cars (up 21% year-over-year) globally, which is 31.3% of the brand's total volume.
Read more »
US: BMW Set New Plug-in Car Sales Record In Q3 2022In Q3, BMW sold a record number of plug-in electric cars in the US: 10,858 (12.7% of the total volume), including 4,337 batter-electric cars..
Read more »