ExxonMobil Files Lawsuit Against ESG Investors’ Climate Proposal, Saying It Does Not Serve Shareholders’ Interests

ExxonMobil Files Lawsuit Against ESG Investors’ Climate Proposal, Saying It Does Not Serve Shareholders’ Interests
The Exxon Mobil logo is painted on a storage tank at the Exxon Mobil Corp. refinery in Joliet, Ill., on Jan. 30, 2006. Scott Olson/Getty Images
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Oil giant ExxonMobil Corporation filed a complaint in a Fort Worth, Texas court on Jan. 21 in an effort to prevent climate activist investors from bringing a climate proposal up for a vote during the company’s shareholder meeting in May.

The move marks the first time Exxon has sought to block a shareholder proposal by filing a complaint in court. The case has been assigned to a judge appointed by former President Donald Trump.