ExxonMobil lawsuit against activist shareholders greenlit amid growing investor outrage
Several other shareholders have come forward to protest the company’s legal action.
A Texas judge has rejected a motion to dismiss the lawsuit brought by ExxonMobil against two activist shareholders seeking stricter climate policies, meaning the case will proceed in court despite growing investor outrage regarding the tactic.
ExxonMobil filed the lawsuit in January to prevent two of its investors, Arjuna Capital and Follow This, from putting a resolution to include Scope 3 emissions in the oil major’s climate agenda to a vote at its May annual general meeting (AGM).
