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Engine No. 1's big win over Exxon shows activist hedge funds joining fight against climate change

By Mark DesJardine, Assistant Professor of Strategy and Sustainability, Penn State
Tima Bansal, Canada Research Chair in Business Sustainability, Western University

Engine No. 1 convinced other shareholders to support at least two of its nominees to join the company's board as part of its push for a stronger sustainability strategy at Exxon.

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