Exxon sues green investors to stop climate proposals on ballot

People walking past an Exxon station in Washington. — AFP

HOUSTON: Exxon Mobil Corp has filed a lawsuit against United States and Dutch climate activist investors in an effort to remove what it describes as their “extreme agenda” from the ballot at its annual shareholder meetings, and force a stricter interpretation of Securities and Exchange Commission (SEC) rule-making.

The Texas oil giant is seeking a declaratory judgment from the US District Court in Fort Worth to exclude from its annual meeting this year a proposal from Follow This and Arjuna Capital LLC to accelerate greenhouse-gas emission cuts.