Trending: Exxon Sues 2 Investment Firms Over Shareholder Proposal
23 January 2024 - 2:27AM
Dow Jones News
9:57 ET -- Exxon Mobil is one of the most mentioned companies in
the U.S. across all news items in the last 12 hours, according to
Factiva data. Exxon is suing two sustainable investment firms in a
bid to block them from putting forward a shareholder proposal that
would commit the oil company to further curb its greenhouse-gas
emissions and target its customers' emissions. In a federal lawsuit
filed in Texas on Sunday, the Houston-based oil giant said
investment firms Arjuna Capital and Follow This became Exxon
shareholders only to put forward proposals that would "diminish the
company's existing business." Dow Jones & Co. owns Factiva.
(chris.wack@wsj.com)
(END) Dow Jones Newswires
January 22, 2024 10:12 ET (15:12 GMT)
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