by Kevin Killough
Just The News
The House Judiciary Committee Friday released a reportdetailing an investigation into a successful effort to replace three members of the board of ExxonMobil with activist shareholders, Alexander Karsner, Kaisa Hietala, and Gregory Goff.
According to the report, a “climate cartel” consisting of various climate coalitions, including Ceres and its Climate Action 100+ initiative, coordinated a “pressure campaign” against ExxonMobil. The company had become the target of this cartel, according to the report, when it refused to adopt policies that would reduce its emissions, which would effectively require it to reduce production of oil and gas…
Steve Milloy, senior legal fellow with the Energy and Environmental Legal Institute and publisher of “JunkScience.com,” told Just the Newsthat Exxon has been trying to appease activists for a long time.
In 2008, at the Exxon annual shareholder meeting, Milloy presented a shareholder proposal on behalf of The Free Enterprise Action Fund. The proposal would have amended the company’s bylaws to “no longer accept shareholder and nuisance shareholder proposals.”
