Exxon Asks Court to Block Investors’ Future Climate Proposals

Exxon shareholders that withdrew a climate-related proposal in the face of legal pressure from the oil giant should be barred from bringing similar environmental, social and governance campaigns at future annual meetings, the company told a court.

Activist investors Arjuna Capital and Follow This are pursuing an “anti-fossil-fuel agenda” aimed at stopping Exxon Mobil Corp. from exploring for oil and gas, the company said in a filing with the US District Court for the Northern District of Texas on Monday. The shareholders’ ESG proposal urged Exxon to speed up its greenhouse gas emission reductions efforts.

Exxon said on Feb. 1 ...