How a tiny activist hedge fund scored a stunning win against oil giant Exxon

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A tiny hedge fund that led a successful shareholder revolt against oil giant ExxonMobil this week does not speak the language of climate change activists.

Founded in December, San Francisco-based Engine No. 1 has agitated Exxon to invest in clean energy and begin moving off fossil fuels for financial reasons, arguing its strategy of sticking with its core oil and gas business has not produced strong returns for shareholders.

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