Judge rules Exxon can sue activist shareholder over climate proposal

A federal judge in Texas on Wednesday said Exxon Mobil can sue to bar a climate change proposal from an activist investor, in a case that has raised concerns about its future impact on shareholder resolutions.U.S. District Judge Mark Pittman for the Northern District of Texas ruled that Exxon's lawsuit can proceed against Boston-based Arjuna Capital, but dismissed the oil major's claim against a second activist shareholder, Follow This, because the firm is based in the Netherlands.Exxon sued the two investo ...