US state officials urge votes against directors as Exxon sues climate activists
-A group of state financial officers and other public and labor leaders called on Tuesday for major asset managers to vote against top Exxon , JPMorgan and Goldman Sachs among the managers whose support it sought. A JPMorgan representative said the firm would not comment on individual votes. A Goldman Sachs representative declined to comment. BlackRock did not immediately comment.
Other state financial leaders, including New York State Comptroller Thomas DiNapoli, have previously said they would vote public pension assets against Exxon directors because of the lawsuit. While the state systems are not among the largest Exxon shareholders, they have played an influential role in previous company director elections.
Tuesday's statement was sent by a representative for California Treasurer Fiona Ma, a board member of the California Public Employees' Retirement System. On Monday the system declared its intention to vote against all Exxon's board nominees over the lawsuit.
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