Finance
Exxon Board Mulls Adding Climate-Conscious Hedge Fund Mogul
- Jeff Ubben considered after criticism over climate change
- Exxon’s board is still deliberating, no final decision made
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Exxon Mobil Corp. is considering adding activist investor Jeff Ubben to its board amid intensifying criticism of its approach to climate change, according to people familiar with the matter.
Ubben, who founded ValueAct Capital Management two decades ago, has become known for his social and environmental investing in recent years. His new firm, Inclusive Capital Partners, is also discussing taking a meaningful stake in the oil giant if he were appointed the board, the people said, asking not to be identified because the matter is private.