ExxonMobil Sues Shareholders to Block Climate Proposals

ExxonMobil is suing activist investor groups in federal court over a shareholder proposal that would require the company to take responsibility for the greenhouse gas emissions produced by its products' end users. The lawsuit comes after years of similar proposals being voted down by shareholders, and ExxonMobil argues that the groups' climate goals prioritize over its ability to make money. The activist investor groups, however, believe that time is running out to address climate change and are prepared to fight for emissions reduction targets.