Exxon Sues Activist Investors to Block Climate Petitions at Shareholder Meeting ...Middle East

ExxonMobil is suing two activist investor groups in a Texas district court, aiming to block their climate proposals from going to a vote at the annual shareholder meeting later this year in the first such direct complaint to court instead of to the SEC.   Exxon filed late on Sunday a lawsuit at the U.S. District Court for the Northern District of Texas against U.S. activist investor Arjuna Capital and shareholder activist group Follow This. Those two investors have filed a proposal for Exxon’s shareholders to vote at the annual…

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