Posted on 05/22/2024 1:29:58 PM PDT by CFW
A federal judge in Texas on Wednesday said Exxon Mobil can sue to bar a climate change proposal from an activist investor, in a case that has raised concerns about its future effect on shareholder resolutions.
U.S. District Judge Mark Pittman for the Northern District of Texas ruled that Exxon’s lawsuit can proceed against Boston-based Arjuna Capital, but dismissed the oil major’s claim against a second activist shareholder, Follow This, because the firm is based in the Netherlands.
Exxon sued the two investors in January after they submitted a proposal to be tabled at the May 29 annual shareholder meeting that called for the company to accelerate carbon dioxide emissions reductions.
[snip]
Pittman said Arjuna and Follow This were following a “Trojan Horse” model in which they aggregate enough shares in oil companies to vote and submit proposals aimed at fighting climate change.
(Excerpt) Read more at cnbc.com ...
Arjuna Capital: What an investment firm would look like if they staffed it with the local NPR channel’s fundraising team.
https://arjuna-capital.com/team
“”proposal.......that called for the company to accelerate carbon dioxide emissions reductions.””
Should read “proposal to starve plants of key ingredient for growth.”
And since plants produce oxygen, that just a few species need/s, the end result will be less oxygen. While the Deep State is pushing the ‘sequestration’ of C02, I’m sure they will sequester their own 02 supply.
Exxon should be suing all the libtards for their fake lawfair against the industry
Exxon finds oil. They do not do anything else. Let them do this.
Related article:
“Exxon shareholder meeting will be a battleground between climate activists and ESG opponents”
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