The founder of the Engine No. 1 activist investor that challenged ExxonMobil’s strategies and won seats on the supermajor’s board last year, is calling for more oil supply from the Permian basin to reduce dependence on foreign suppliers. The Permian and the U.S. shale patch as a whole are “arguably the most transition-aligned oil and gas production today” because of the quick-turnaround with high returns compared to long-duration capital-intensive projects, Christopher James, Founder and Executive Chairman at Engine No.
…Activist Investor Engine No. 1 Founder Urges More U.S. Shale Production
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