Exxon sues activist investors over climate proposals

Exxon Mobil Corp (NYSE:XOM, ETR:XONA) has filed a court case against two of its investors in an attempt to block a climate proposal from reaching the company’s annual general meeting. Follow This and Arjuna Capital were sued by the oil giant in a Texas court on Sunday, after calling on Exxon to set targets for reducing carbon emissions. Exxon argued the investors were “driven by an extreme agenda” however, with the case marking the first time the oil firm has gone to court to block a shareholder motion. "Th ...