May 30, 2007, 1:48AM
By JOE CARROLL
Bloomberg News
Pension fund angry over climate strategy The California Public Employees’ Retirement System, the largest public pension fund in the U.S., is seeking the removal of Exxon Mobil Corp. director Michael Boskin over the company’s strategy on climate change.
Calpers joined two dozen other institutional investors to oppose the reappointment of Boskin, who heads the board’s public issues committee, at Exxon Mobil’s annual meeting today in Dallas.
Boskin has refused to meet with investors to discuss Exxon Mobil’s strategy on the issue, Calpers and Ceres, a coalition of environmentalists and investors, said in a statement on Tuesday.
Exxon Mobil, the world’s largest oil company, is lagging behind competitors in addressing global warming, the statement said.
Chevron Corp. is spending more on renewable fuels, and ConocoPhillips moved ahead of Exxon Mobil earlier this year when it joined an industry group that backs mandatory U.S. limits on emissions of carbon dioxide and other gases that warm the Earth, according to critics.
“Exxon Mobil’s inaction on global warming stands in stark contrast to industry peers such as BP, Shell, Chevron and ConocoPhillips, which are all beginning to manage the risks and seize opportunities from climate change,” Mindy Lubber, the president of Boston-based Ceres, said in the statement.
Royal Dutch Shell and BP are the two biggest European oil companies, while Chevron and ConocoPhillips are the second- and third-largest U.S.-based energy producers.
Since late 2005, Boskin has refused five times to meet with investors on the climate issue, according to the statement.
Directors should be accessible to shareholders and management should be accountable to directors, Calpers Chief Investment Officer Russell Read said in the statement.
“We have a fundamental problem when directors refuse to meet with the people they’re elected to represent,” Read said. “Especially one who has a leading role on a company’s board.”
Boskin, 61, is a professor of economics at Stanford University and a former chairman of the President’s Council of Economic Advisors.
Exxon Mobil spokesman Gantt Walton said that Chairman and Chief Executive Rex Tillerson has been designated to speak on behalf of the directors on climate change issues.
“He meets with shareholder groups quite frequently,” Walton said. Investors “have a lot of access to the company and to the board’s position.”
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http://www.royaldutchshellplc.com/
http://www.chron.com/disp/story.mpl/business/4846243.html
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
