NEW YORK: Members of the Rockefeller family are calling on ExxonMobil Corp to make governance changes and increase spending on alternative fuels, sharpening the focus on the company’s practices as oil soars close to US$120.
John D. Rockefeller founded the Standard Oil Co in 1870 and it became a precursor to ExxonMobil. ExxonMobil is the world’s largest publicly traded oil company based on market capitalisation and is a favourite target of consumer advocate groups and politicians unhappy with record prices for oil and gas and their effect on the environment.
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