Energy, Financials, Sector Focus, US

ExxonMobil sets ‘chilling’ precedent after suing shareholder climate proposal out of existence

ExxonMobil signage
ExxonMobil has accused the proposal by Follow This and Arjuna Capital of seeking ‘to directly interfere with management’s business judgement and micromanage ExxonMobil’s core business’ (Photo: Spencer Platt/Getty Images)

Dutch investment activist group Follow This and investment adviser Arjuna Capital have withdrawn a shareholder climate proposal after ExxonMobil filed a lawsuit against them

Experts have warned of the “chilling” precedent set by ExxonMobil after its lawsuit against Dutch investment activist group Follow This and investment adviser Arjuna ...

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