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A Major New Index Fund May Unnerve Climate-Skeptical CEOs

Last month, a tiny hedge fund called Engine No. 1 staged a coup of sorts at ExxonMobil—a shareholders’ revolt that unseated three members of the oil company’s board of directors and replaced them with more climate-concerned candidates. The putsch was the first centered on climate change at an American oil company.

theatlantic.com/newsletters/ar

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