ExxonMobil Sues Shareholders to Block Climate Proposals
TL;DR
ExxonMobil is suing activist investor groups in federal court over a shareholder proposal that would require the company to take responsibility for the greenhouse gas emissions produced by its products' end users. The lawsuit comes after years of similar proposals being voted down by shareholders, and ExxonMobil argues that the groups' climate goals prioritize over its ability to make money. The activist investor groups, however, believe that time is running out to address climate change and are prepared to fight for emissions reduction targets.
Topics:businessbusiness-environment#business-environment#climate-change#emissions-reduction#exxonmobil#lawsuit#shareholder-proposal
- ExxonMobil sues shareholders over a proposal to cut emissions Quartz
- U.S. oil giant Exxon Mobil sues activist investors to prevent climate proposals CNBC
- Exxon Sues to Prevent Climate Proposal From Getting a Shareholder Vote The New York Times
- Exxon throws a fit over shareholders exercising their rights TechCrunch
- US oil company ExxonMobil sues to block investors’ climate proposals The Guardian
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