ESG & Investing
Exxon Sues ESG Investors to Stop Climate Proposals on Ballot
- Texas oil giant wants court to interpret SEC rule-making
- Exxon names Follow This, Arjuna Capital as defendants in case
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Exxon Mobil Corp. filed a lawsuit against US and Dutch climate activist investors in an effort to remove what it describes as their “extreme agenda” from the ballot at its annual shareholder meetings.
The Texas oil giant is seeking a declaratory judgment from the US District Court in Fort Worth to exclude from its annual meeting this year a proposal to accelerate greenhouse-gas emission cuts submitted by Arjuna Capital LLC and the Amsterdam-based non-profit group Follow This.