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Stewardship challenge: How to press fundamental change at ExxonMobil?

Transitioning to ecological sustainability

Some climate-focused investors say they have dumped shares of ExxonMobil as they purge fossil fuel companies from their portfolios. Others are staying with Exxon, hoping to reverse the course of the U.S. oil giant. 

A few years ago, The Democracy Collaborative’s Carla Skandier suggested a “51 Percent Solution for the Climate Crisis.” With the government taking a majority stake in fossil fuel firms, she said, the public could vote in boards that oversee the winding down of production while giving 1.6 million oil and gas workers a path to new opportunities, rather than mass unemployment in a crashed economy.

Publication date: 2021-04-01
Parent publication: Impact Alpha
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