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Gagnier Communications is handing the Coalition United for a Responsible Exxon, which is disappointed with the oil giant’s financial performance (e.g., $20B Q4 loss), poor capital allocation decisions, and failure to capitalize on business opportunities tied to the clean energy transition, according to its Feb. 2 letter to ExxonMobil’s board.
The Coalition of 135 members represents $2.2T in assets. It includes the Interfaith Center on Corporate Responsibility, Merck Family Fund, US Trust, Wallace Global Fund, Sisters of Bon Secours USA, Majority Action, Sierra Club Foundation, Arjuna Capital, Nathan Cummings Foundation and Fulcrum Asset Management.
CURE raps Exxon’s investments in upstream projects that are based on unrealistic expectations of future oil and gas prices and demand.
It criticizes the company’s “current myopic and entrenched board and leadership team” that has failed to stem its corporate decline over the last decade and calls for “refreshed leadership and a new vision for Exxon.”
Gagnier Communications’ Dan Gagnier and Jeffrey Matthews handle the CURE.
Hut 8, energy infrastructure platform, has named NextEra Energy's Mark Eidelman head of IR and SVP of strategic finance.
Teneo handles easyJet as Minneapolis investment firm Castlelake mulls a possible takeover of the British budget airline.
Brunswick Group represents Universal Music Group as it rejects the unsolicited $65B takeover offer by billionaire Ed Ackman's Pershing Square Capital Management because it “fundamentally and materially undervalues” the world’s largest music company.
Prosek Partners brings on Danielle O’Brien as a managing director in its investor relations practice, based in the firm’s New York office.
Houston’s Dancie Perugini Ware PR represents Fertitta Entertainment as it takes Caesars Entertainment private in a $17.6B cash deal. 
