Exxon Mobil seeks to stop climate proposals on ballot, Bloombreg reports

Exxon Mobil has filed a lawsuit against U.S. and Dutch climate activist investors Follow This and Arjuna Capital in an effort to remove what it calls their “extreme agenda” from the ballot at its annual shareholder meetings, Bloomberg’s Kevin Crowley reports. Follow This and Arjuna Capital have “become shareholders solely to campaign for change through shareholder proposals that are calculated to diminish the company’s existing business,” and they “are aided in their efforts by a flawed shareholder proposal and proxy voting process that does not serve investors’ interests and has become ripe for abuse,” Exxon said in the complaint.