Exxon Files Lawsuit Against Investors’ Climate Proposal
By Sabrina Valle and Nate Raymond
Exxon Mobil Corp (XOM.N), opens new tab on Sunday filed a complaint in a Texas court seeking to prevent a climate proposal by activist investors from going to a vote during the company’s shareholder meeting in May.
This is the first time Exxon is seeking to exclude a shareholder proposal by filing a complaint in court. The case was assigned to a judge with a track record of ruling in favor of conservative causes.
Photo courtesy of Raymond Kotewicz.
Source: Reuters (link opens in a new window)
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