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May 01, 2008

Rockefellers demand Exxon go green

At a New York news conference, 66 Rockefeller family descendants urged ExxonMobil shareholders to support several renewable energy resolutions at its May 28 annual meeting.
They also want Exxon to split its chairman and CEO positions, both held by Rex Tillerson, who rejected the Rockefeller plea:
Tillerson has said he focuses on oil and gas because he expects humans will rely on fossil fuels for many decades.

I don’t know whether Tillerson really doesn’t believe in Peak Oil’s imminence or he’s lying through his hat. Be interesting if somebody tried to push him on fiduciary due diligence for investors.

The job split is one of the May 28 resolutions. It got 40 percent support a year ago.

I presume somebody is organizing a protest at this year’s meeting. I remember being outside the Meyerson in Dallas two years ago.

Among Rockefellers NOT at the New York confab? One West Virginian, Sen. Jay Rockefeller.

Shock me.

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