Exxon Mobil filed a lawsuit against U.S. and Dutch activist investors to stop them from filing climate proposals during the oil giant’s shareholder meeting.
The complaint was filed Sunday in a Texas court against Arjuna Capital, a Massachusetts-based investment firm, and Follow This, an Amsterdam-based activist investor group.
It is thought a court victory for Exxon Mobil could have a chilling impact on future shareholder petitions.