Biggest U.S. Pension Fund to Vote Against Exxon Board

The United States’ largest pension fund, CalPERS, will vote against the ExxonMobil board at the upcoming May 29 board meeting, in a move designed to block the supermajor’s attempt to sue activist investors who are pressuring it to move more quickly on lowering emissions, Reuters reported on Monday.  Activist investors have already withdrawn their resolution, but Exxon has continued to forge ahead with the lawsuit, attempting to recoup legal costs related and other expenses accrued in the interim.  The CalPERS decision has…