Exxon files lawsuit against activist investors' ‘extreme' climate proposal

Exxon Mobil Corp on Sunday filed a complaint in a Texas court seeking to prevent a climate proposal by activist investors from going to a vote during the company’s shareholder meeting in May.This is the first time Exxon is seeking to exclude a shareholder proposal by filing a complaint in court.It says the investors are “driven by an extreme agenda” and that adopting stricter emission goals would be detrimental to its business and share value.Investors led by Arjuna Capital and shareholder activist group F ...