The SEC Should Examine Oil CEOs With Pay Tied to ESG Metrics, Elizabeth Warren Says

Fossil fuel companies should face probes on whether they’re using “loophole-ridden” environmental, social and governance goals to boost executive pay while contributing to environmental destruction, Senator Elizabeth Warren said, adding to her calls to rein in CEO compensation.

Marathon Petroleum Corp., Chevron Corp. and Occidental Petroleum Corp. and others appear to be using “easily-manipulated metrics” to guarantee higher payouts for executives, Warren said, citing reporting by the Washington Post.