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26

ExxonMobil to Change its Go-Slow Approach

ExxonMobil shareholders plan to raise the heat on oil giant ExxonMobil over its climate change policies

A group of ExxonMobil shareholders, including large public US pension funds, said Wednesday they planned to raise the heat on oil giant ExxonMobil over its climate change policies.

The investors, who include the California State Teachers Retirement System (CalSTRS) and the New York City Employees Retirement System among others, said they would seek to reform ExxonMobil's position on global warming at the annual shareholder meeting on May 30.

The investors told reporters that they plan to seek the removal of Michael Boskin, the head of ExxonMobil's Public Issues Committee, from the board of directors of the world's largest oil company, because he has the power to change ExxonMobil's stance on climate change.