ExxonKnews
February 6, 2024
Last month, ExxonMobil sued two of its “activist investors” — groups that try to use shareholder resolutions to pressure companies into taking action on social and environmental problems — in an attempt to block a proposal for the oil giant to limit its climate pollution from coming to a vote at an upcoming shareholder meeting.
Follow This and Arjuna Capital announced Friday that they would withdraw their proposal from the ballot and promised not to refile. But Exxon says it will move forward with its lawsuit anyway.
