# Exxon board vote: bellwether?

**URL:** <https://boards.straightdope.com/t/exxon-board-vote-bellwether/943261>\
**Category:** In My Humble Opinion\
**Created:** [May 31, 2021, 2:16am UTC](https://boards.straightdope.com/t/exxon-board-vote-bellwether/943261 "2021-05-31T02:16:33Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![DSeid](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/dseid/32/20194_2.png) [@DSeid](https://boards.straightdope.com/u/DSeid)\
**Post date:** [May 31, 2021, 2:16am UTC](https://boards.straightdope.com/t/exxon-board-vote-bellwether/943261/1 "2021-05-31T02:16:33Z")

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> **[Exxon loses board seats to activist hedge fund in landmark climate vote](https://www.reuters.com/business/sustainable-business/shareholder-activism-reaches-milestone-exxon-board-vote-nears-end-2021-05-26/)**
>
> A tiny hedge fund dealt a major blow to Exxon Mobil Corp on Wednesday, unseating at least two board members in a bid to force the company's leadership to reckon with the risk of failing to adjust its business strategy to match global efforts to...

Exxon’s leadership lost and an activist shareholder hedge fund group won board seats with more climate change forward thinking front and center. Share price rose.

Does this represent any sort of tipping point for big oil or is it a lagging indicator as even Exxon gets dragged, kicking and screaming, into what is reality?