Engine No. 1 Comments on ExxonMobil’s New Emissions Targets
“Today’s announcement reinforces the urgent need for
“ExxonMobil remains committed to aggressive oil and gas capital expenditure plans requiring high oil and gas prices to break-even and continues to eschew material business diversification opportunities. This strategy inherently restricts ExxonMobil’s ability to pursue aggregate emission reduction targets and prevents it from better positioning itself to create long-term shareholder value in an evolving industry.
“We have called for
Additional information regarding Engine No. 1’s plan may be found at www.ReenergizeXOM.com.
About Engine No. 1
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Engine No. 1 LLC, Engine No. 1 LP,
Information about the Participants and a description of their direct or indirect interests by security holdings is contained in a Schedule 14A filed by the Participants with the
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Source: Engine No. 1
Gasthalter & Co.
Jonathan Gasthalter/Amanda Klein
Innisfree M&A Incorporated
Scott Winter/Gabrielle Wolf