US EditionExxon files lawsuit against investors' climate proposal
- ExxonMobil has sued climate activist investors Follow This and Arjuna Capital to prevent their climate proposal from going to a vote at the annual investor meeting.
- Exxon argues that the investors' proposals do not serve the interests of shareholders or promote long-term shareholder value.
- The company is asking a judge in the U.S. District Court for Northern District of Texas to exclude the Scope 3 proposal in its proxy statement.
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Climate-activist investors would misuse the current regulations and only want to damage the Group's business, writes Exxon. The case is piquant, as support for more radical environmental protection measures in oil companies has been declining recently anyway.
·Vienna, Austria
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ExxonMobil is suing its own shareholders over a proposal aimed at reducing emissions
The Earth is heating up. No doubt. And one of the chief reasons the Earth is heating up is the consumption of oil and natural gas to power and produce things. Naturally. It makes sense, then, that a pair of activist investor groups would suggest that ExxonMobil Corp., the world’s largest privately owned oil company,…Read more...
·United States
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Total News Sources37
Leaning Left5Leaning Right6Center14Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 20%
C 56%
R 24%
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