"Pivot! Pivot!"
Remember activist investor Engine #1? A few years ago it forced three climateers on the board of Exxon. Guess what Engine #1 is doing now? Why, it’s teaming up with Chevron and GE Vernova on building, wait for it, gas-powered plants. But that “not a pivot”. Because “It was not about ideology or fossil fuels or renewables.” Yeah, right.
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