ExxonMobil board debates dropping giant projects in Vietnam and Mozambique

ExxonMobil board debates dropping giant projects in Vietnam and Mozambique

ExxonMobil board debates dropping giant projects in Vietnam and Mozambique

ExxonMobil’s board of directors is debating whether to continue with several major oil and gas projects, that have high projected emissions profiles, as the super-major reconsiders its investment strategy in a fast-changing energy landscape.

Members of the board—which includes three directors successfully nominated by an activist investor in May and two other new members—have expressed concerns about certain projects, including a $30 billion liquefied natural gas (LNG) development in Mozambique and another multi-billion-dollar gas project in Vietnam.

For more information, please see https://www.energyvoice.com/oilandgas/asia/358128/exxonmobil-board-debates-dropping-giant-projects-in-vietnam-and-mozambique/

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