Decarbonizing the Economy FII6

In a compelling discussion, Chris James of Engine No. 1 detailed the remarkable activist campaign that secured three board seats at ExxonMobil, pushing the oil giant toward a more sustainable and value-driven future. By emphasizing engagement over divestment, James demonstrated how aligning business practices with decarbonization can drive substantial value creation. The campaign highlighted the importance of governance, bringing energy expertise to Exxon's board and leading to significant shifts in company strategy. James discussed broader impacts, such as influencing other oil companies to adopt better practices, and emphasized working collaboratively with companies to achieve decarbonization goals.