ExxonMobil faces opposition from CalPERS after 'devastating' anti-ESG activist suit

ExxonMobil CEO Darren Woods speaks during the APEC CEO Summit at Moscone West on November 15, 2023 in San Francisco, California.Exxon Mobil's months-long battle with two environmentally focused activist investors has cost the company the support of the California Public Employees Retirement System.CalPERS, the $484 billion pension fund manager, said in a letter on Monday it would vote in opposition to all of Exxon's 12 director nominees and its CEO Darren Woods at the shareholder meeting next week as a resu ...