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. Read more