‘This isn’t ideological’: reluctant ‘green hero’ behind Exxon coup

‘This isn’t ideological’: reluctant ‘green hero’ behind Exxon coup

Tiny hedge fund Engine No 1 says a strong climate strategy simply makes good business sense

The activist hedge fund behind ExxonMobil’s boardroom coup last week has claimed another seat from the oil giant’s board, to take the number of new directors who will push for climate action from within the company to three.

The result of last week’s shareholder vote has installed the hedge fund, named Engine No 1 after a San Francisco fire station, as a reluctant hero of the climate movement.

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