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Excerpt from www.theglobeandmail.com
A group of state financial officers and other public and labour leaders called on Tuesday for major asset managers to vote against top Exxon XOM-N directors, citing the U.S. oil company’s continuing lawsuit against climate activists.
The group including New York City Comptroller Brad Lander and the state treasurers of Connecticut, Nevada and other states called for votes against Exxon CEO and chair Darren Woods and the company’s lead independent director Joseph Hooley, saying in a statement Exxon’s suit would “undermine shareholder rights.”
The group named BlackRock, JPMorgan and Goldman Sachs among the managers whose support it sought. A JPMorgan representative said the firm would not comment on individual votes. A Goldman Sachs representative declined to comment. BlackRock did not immediately comment.
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