ExxonMobil to give two board seats to environmental activists

Engine No.1, a firm of environmental investors seeking to transform ExxonMobil, has won two seats on the board of the most important oil company in the US.

As with all sectors related to the automotive industry, ExxonMobil is moving towards a complete transformation with Engine No.1, a firm of environmentally conscious investors. The company was forced to relinquish two board positions to be filled by activists belonging to the organization, a major victory that could force the largest US oil company to reconsider its long-term policy. Since last year, the firm has been pressuring the energy giant to join the transformation process taking place around the world, a process that represents the future and that many companies had to face in order not to disappear.

The move comes as the start of a series of moves to get ExxonMobil to do what Engine #1 intends to do: look for new forms of energy that will allow this great company to phase out fossil fuels in favor of the environment. So far, some media have already reported that Parovozik No. 1 has nominated four people for these two positions on the board of directors, consisting of 12 people.

For many experts, this news is of great importance, given all the changes taking place around it and supported not only by large groups and companies that depended on fossil fuels, but also by the most powerful governments in the world. where they join forces to accelerate electrification, cut emissions and mitigate climate change. In the specific case of the United States, President Joe Biden himself expressed his full support for this profound transformation, visiting several companies in the sector that are making great strides in the electrification race.

, an initiative that will start as soon as possible with an astronomical investment in both the production of electric vehicles and the necessary infrastructure for this purpose.

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