On eve of Exxon vote, a look at other Big Oil alt energy investments
Posted by CITIZEN POWER ALLIANCE at 1:50 PMShould ExxonMobil separate its chairman and CEO positions and invest more in alternative energy projects? These questions will come to a vote at the company's shareholder meeting tomorrow. Members of the Rockefeller family, plus nineteen institutional investors -- including some of ExxonMobil's largest shareowners, with more than $740 billion in combined assets under management-- will vote yes on some or all of the relevant resolutions.
Exxon Mobil's critics cite the billions of dollars that rivals Chevron Corp., BP plc and Royal Dutch Shell plc have invested in alternative energy and charge that Exxon Mobil is falling behind. At least in the press releases, though, the critics don't say much about how successful the rivals have been so far.
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