Exxon Mobil Sues Investors to Block Climate Proposals
Exxon Mobil is suing activist investors to prevent a shareholder proposal calling for emissions cuts from coming to a vote, accusing them of abusing the process and prioritizing their own agenda. The company argues that the proposal does not seek to improve its economic performance or create shareholder value, and plans to exclude it from the ballot for its annual meeting in May. The lawsuit reflects a broader backlash against E.S.G. initiatives, with some companies and investors distancing themselves from environmental, social, and governance measures.
