Exxon case against activist shareholder can proceed, US judge rules

May 22 – A U.S. judge on Wednesday allowed a lawsuit filed by Exxon Mobil against two activist groups seeking to bar their climate resolution to go ahead against one of the two groups. The oil company’s lawsuit raised alarm among activists and proxy advisers who argued it would muzzle debate among shareholders and public … Read more

CalPERS mulls voting against Exxon CEO’s re-election to board, FT reports

May 13 – CalPERS, the biggest public pension plan in the United States, is considering voting against ExxonMobil CEO Darren Woods’ re-election to the board amid shareholder discontent over a lawsuit it filed against two climate-focused investors, the Financial Times reported on Friday. Investors led by U.S. activist investment firm Arjuna Capital and shareholder activist … Read more