Conservative shareholders attack ‘climate clown show’
Conservative rabble-rouser Steve Milloy wasn’t happy last year when sustainable investment advocates scored a series of major victories at the annual meeting of Exxon Mobil Corp.
A climate-focused hedge fund had won enough votes to oust a quarter of the oil major’s board. Sustainability advocates also succeeded in passing two nonbinding resolutions calling for more information about Exxon’s climate lobbying.
So Milloy, an ally of former President Donald Trump and a climate science critic, filed a proposal that called for Exxon to ban future shareholder resolutions. It’s one of a handful of proposals Milloy has submitted this year targeting the environment, social and governance, or ESG, efforts of companies he’s invested in.
Photo credit: Heartland Institute/YouTube
