Tuesday, May 06, 2008

Rockefellers Ask Exxon to Focus on Renewables

A majority of Rockefeller family members (John D. was an Exxon founder) has publicly called on other ExxonMobil shareholders to join support their shareholder resolution asking for an independent chairman of the board of directors to more effectively address the rapid changes happening in the energy industry, like renewable power. Companies like Shell and Chevron are expanding in this area much faster than Exxon (see my interview with Exxon last year).

The shareholder resolutions will be voted on at Exxon's annual meeting on May 28 in Dallas.


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