U.S. oil giant Exxon Mobil sues activist investors to prevent climate proposals
Headline from NBC 5 Dallas-Fort Worth
It is thought a court victory for Exxon Mobil could have a chilling impact on future shareholder petitions.
NBC 5 Dallas-Fort Worth's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
U.S. oil giant ExxonMobil is suing a group of American and Dutch activist investors in an unprecedented effort to block them from putting an "extreme" proposal for stricter emissions reductions in front of shareholders.
The complaint, filed in a U.S. District Court in Texas, said a proposal by activist investors calling for the oil giant to cut emissions faster would not create shareholder value.
Exxon Mobil Corp on Sunday filed a complaint in a Texas court seeking to prevent a climate proposal by activist investors from going to a vote during the company’s shareholder meeting in May.
ExxonMobil is suing two activist investor groups in an attempt to block their climate proposals from going to a vote at the annual shareholder meeting.
Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.
