ESG & Investing
Exxon Feels the Heat as More Investors Assail Climate Conduct
Criticism of the oil giant, whose industry is the principal culprit behind global warming, has become an annual rite of spring. But this year may be different.
Photographer: Patrick T. Fallon
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Exxon Mobil Corp. is again finding itself in the crosshairs of environment-focused investors who say the company is falling far short of its climate-related commitments.
The criticism of the fossil-fuel giant, whose industry is the principal culprit behind global warming, has become a yearly ritual at the company’s annual shareholders’ meeting, which this year is scheduled for May 29. But this gathering is particularly charged since Exxon has sued two climate-focused groups: Arjuna Capital LLC and Amsterdam-based nonprofit Follow This.