Judge tosses Exxon Mobil lawsuit against activist shareholder Arjuna over climate proposal

Core Viewpoint - A federal judge in Texas dismissed Exxon's lawsuit against activist shareholder Arjuna Capital regarding a climate proposal, stating that the case is moot due to Arjuna's commitment not to resubmit the proposal [1]. Group 1 - Exxon Mobil filed a lawsuit against Arjuna Capital and another shareholder, Follow This, in January over a proposal for the company's May 29 annual shareholder meeting [1]. - The proposal called for Exxon to accelerate carbon dioxide emissions reductions [1]. - U.S. District Judge Mark Pittman ruled that Arjuna's actions eliminated any case or controversy, leading to the dismissal of Exxon's claim without prejudice [1].