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Conservationists’ actions stop work on mine project in Tasmania’s Tarkine The Guardian
Expert says massive green energy hub project in WA ‘could power Australia’ ABC News
European Central Bank decides to address the climate crisis Reuters
Body corporates encouraged to install solar energy for the common good Riotact
VB beer deliveries go green with Volvo electric truck The Driven
Giant pandas declared endangered in 1990 reclassified as vulnerable Sky News
Exxon’s board defeat signals the rise of Social-Good Activists New York Times
Last week, an activist investor successfully waged a battle to install three directors on the board of Exxon with the goal of pushing the energy giant to reduce its carbon footprint. The investor, a hedge fund called Engine No. 1, was virtually unknown before the fight.
The tiny firm wouldn’t have had a chance were it not for an unusual twist: the support of some of Exxon’s biggest institutional investors. BlackRock, Vanguard and State Street voted against Exxon’s leadership and gave Engine No. 1 powerful support. These huge investment companies rarely side with activists on such issues.