Exxon Feels the Heat as More Investors Assail Climate Conduct

Exxon Mobil Corp. is again finding itself in the crosshairs of environment-focused investors who say the company is falling far short of its climate-related commitments.

The criticism of the fossil-fuel giant, whose industry is the principal culprit behind global warming, has become a yearly ritual at the company’s annual shareholders’ meeting, which this year is scheduled for May 29. But this gathering is particularly charged since Exxon has sued two climate-focused groups: Arjuna Capital LLC and Amsterdam-based nonprofit Follow This.

In response, the California Public Employees’ Retirement System, the largest US public pension fund and owner of about a 0.2% ...