NEW YORK/LONDON/TOKYO -- It took just a single day, but suddenly global oil majors face a very different outlook for the pressure they will come under to combat climate change.
In a meeting that ran for three hours on Wednesday, Exxon Mobil CEO Darren Woods, sounding exhausted, eventually acknowledged the vote in favor of two of the independent directors nominated by Engine No. 1. The activist firm had argued that the oil major's narrow focus on oil eroded shareholder value and threatened future returns.
