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2 'Oil Alternatives' Jim Cramer Would Buy Instead of Exxon Stock

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Exxon  (XOM) - Get Exxon Mobil Corporation Report is reportedly facing a potential proxy fight from Engine No. 1, which is a new investment firm launched by Chris James. The firm is planning on sending Exxon's board a letter urging the company to focus more on investments in clean energy, and to cut costs elsewhere to protect its dividend. 

The Wall Street Journal has reportedly obtained a copy of the letter. 

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