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US oil company ExxonMobil sues investors to block climate petition

Oil giant ExxonMobil has sued climate activist investors in a bid to prevent their climate proposal from going to a vote at its annual investor meeting.

ExxonMobil - one of the one of the world's largest publicly traded international oil and gas companies, has filed a lawsuit against two investment groups that have proposed a shareholder vote on new climate targets.

Follow This, an activist-investor fund in Amsterdam, and Arjuna Capital, an investment adviser, want Exxon to speed up its reduction of carbon emissions. However, the oil giant says the investors are driven by 鈥渁n extreme agenda鈥.

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(Picture: Picture credit: Getty Images)

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27 minutes

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  • Mon 22 Jan 2024 15:32GMT