Lee Raymond testifies before a joint hearing of the Senate Commerce, Science and Transportation Committee and Senate Energy and Natural Resource Committee on energy pricing and profits on Capitol Hill Nov. 9, 2005 in Washington, DC. Chip Somodevilla / Getty Images By Andrea Germanos Author and climate activist Bill McKibben welcomed Friday evening what he called "a milestone moment in the history of climate action" after JPMorgan Chase announced it was ousting former Exxon Mobil CEO Lee Raymond from his longtime leadership position on the bank’s board of directors. "A truly huge win today," McKibben said in an earlier tweet. "Power is starting to shift." The change was revealed in new SEC filing documents in which JPMorgan touts its "focus on refreshment" that includes having a new lead independent director by the end of this summer. Raymond, who’s earned the monikers " the Darth Vader of global warming wars " and " America’s #1 climate denier, " was a target of the Stop the Money Pipeline climate coalition, which urged the bank’s biggest shareholders to vote Raymond off the board entirely when they meet later this month. Their demand was buoyed by New York City Comptroller Scott M. Stringer. […]
Click here to view original web page at JPMorgan Chase Demotes Former Exxon CEO
