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Exxon Activist Investor Calls On U.S. Shale Industry to Produce More

The activist investor that forced a board shakeup at Exxon Mobil Corp. to accelerate a move to clean energy is calling on U.S. shale to produce more. 

“The conflict and suffering in Ukraine shouldn’t be prolonged because of reliance on Russian oil and gas,” Christopher James, the founder of Engine No. 1 LLC, wrote in an op-ed for the Wall Street Journal. The first and most immediate step, he said, is to prioritize North American oil production over imports from “less desirable” suppliers. “Our assets in the Permian and other parts of North America should be used now.”