Judge rules Exxon can sue activist shareholder over climate proposal
Publishing timestamp: 2024-05-22 15:50:44
Summary
A federal judge in Texas allowed Exxon Mobil to proceed with a lawsuit to bar a climate change proposal from activist investor Arjuna Capital, while dismissing the suit against Follow This. The judge ruled that Exxon's claims are based on SEC rules and that the activist investors were following a "Trojan Horse" model. Exxon can continue to pursue legal action against Arjuna Capital.
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Keywords: energy, exxon mobil corp, oil and gas, markets, breaking news: markets, environment, business news,