22nd January 2024 News

Exxon sues climate activist investors over extreme agenda

Exxon Mobil Corp. filed a lawsuit against US and Dutch climate activist investors in an effort to remove what it describes as their “extreme agenda” from the ballot at its annual shareholder meetings, and force a stricter interpretation of SEC rule-making.

SEC rules prevent shareholder proposals from being resubmitted year after year if they do not garner increasing investor support over a period of time.
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ESG Chronicle Team