Chevron has recently met with representatives of activist investor hedge fund Engine No. 1 to talk about plans for emissions reductions, as the U.S. supermajor is getting ready for a possible proxy battle similar to the one Exxon led —and lost—earlier this year, The Wall Street Journal reported on Friday. Engine No. 1, which launched in December 2020, scored a huge victory for activist shareholders at Exxon’s annual general meeting in May 2021, winning three board seats despite the tiny stake that it holds in the oil supermajor. The Engine No. 1 win signaled an unprecedented shift of shareholder sentiment in the oil and gas industry. The vote, according to observers, signals the continued displeasure of a growing number of shareholders with how Exxon is handling the push for lower-carbon energy and calls to do more to mitigate the impact of its business on the environment. Now Chevron is […]