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Activist hedge fund Engine No. 1 wins third seat on Exxon board

Hedge fund Engine No. 1 has gained a third seat on the Exxon Mobil board of directors. The upstart fund campaigned on environmental concerns and the idea that Exxon was not doing enough to address them. CEO Darren Woods issued a statement saying he looked forward to working with the new directors. CNBC's "Squawk on the Street" crew discuss.
Thu, Jun 3 202110:27 AM EDT