Oil giant Exxon files lawsuit against climate activist investors' proposal

Oil giant Exxon files lawsuit against climate activist investors’ proposal

Picture Credit: Joe Raedle/Getty Images

Exxon Mobil Corp filed a complaint in a Texas court on Sunday to block a climate proposal by activist investors from being voted on during the company’s May shareholder meeting.

The oil giant argues that the investors have an “extreme agenda” and claims that their repeated proposals are not in the best interests of investors or the long-term value of shareholders.

[…] from being voted on at the May shareholder meeting. Exxon had filed a complaint in a Texas court earlier this month to prevent activist investment firm Arjuna Capital, and shareholder group Follow This from bringing […]

Oil giant Exxon files lawsuit against climate activist investors’ proposal

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