Rockefellers call for Exxon climate change action
When you and I holler about global warming, it may not mean much, but when a group of folks whose name is immortalized in the song "Puttin' on the Ritz" start complaining, people sit up and take notice.
A group of descendants of John D. Rockefeller, founder of ExxonMobil predecessor Standard Oil, are calling for a shake-up in management at the oil giant, saying that the company is "failing to address the future of energy". The family are apparently concerned about Exxon's late and reluctant conversion to climate change belief, and subsequent failure to do much about the issue.
The group is looking to have the jobs of Chairman and CEO, currently both held by Rex Tillerson, to be split into two separate roles. It's not known exactly how much Exxon stock the family actually owns, so it's unclear whether their request will have any impact.
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