Don't Sell Your Fossil-Fuel Stock If You Want to Make a Climate-Change Difference in 2022

'In 2022, investors who want to address climate change should focus on one simple but essential goal: active stock ownership,' writes Chris James

James is the founder and executive chairman of Engine No. 1, an activist- and impact-investing hedge fund.n 2022, investors who want to address climate change should focus on one simple but essential goal: active stock ownership. They should engage with companies on both sides of the energy transition–those heading in the right direction and those falling woefully short and move away from blame and toward responsibility.

Engine No. 1 spent the first six months of 2021 in a fiercely contested proxy battle with ExxonMobil, trying to place four new members with industry expertise and experience in transitioning away from fossil fuels on a board lacking in both. We wereBefore we launched our campaign, Exxon was aiming to increase oil production from 3.7 million barrels per day to 5 million by 2025. Once our campaign was under way, Exxon announced it would instead keep production flat at 3.

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