ExxonMobil (XOM) Sues Activists, Blocks Climate Petition

Exxon Mobil Corporation (XOM) has filed a complaint in a Texas court to block a climate proposal by activist investors from going to a vote at the company’s shareholder meeting in May.This marks the first time that ExxonMobil has sought to exclude a shareholder proposal by resorting to legal action, signaling a potential shift in how corporations respond to investor-driven environmental initiatives.The complaint targets investors led by Arjuna Capital — a U.S. activist investment firm, and Follow This — a s ...