CVAC - Wall Street Breakfast: Blow To Big Oil

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Blow to Big Oil The reputation of black gold got more tarnished yesterday as a trifecta of trouble hit the oil industry. While environmental groups and activist investors have stepped up the pressure in recent years to address concerns about climate change and fossil fuels, some of these historic defeats are being looked at as a watershed moment that will shift the oil-and-gas landscape. Shareholders, investment giants and lawmakers are increasingly raising their voices about a sustainable future, while some even see the transition as a way to secure future profits given changing trends and an ESG world.Exxon - Activist hedge fund Engine No. 1 won at least two board seats on the company's board, which will likely force it to confront growing concerns about climate

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Wall Street Breakfast: Blow To Big Oil