Investors Ask Exxon’s Board to End ‘Aggressive’ Climate Suit (1)

Shareholder activists asked Exxon Mobil Corp.’s board to drop a lawsuit against investors that they say could set a dangerous precedent for future climate proposals.

The letter, sent to Exxon’s board of directors on Wednesday by the Interfaith Center on Corporate Responsibility, urges the board to convince the oil company’s management to end a January lawsuit targeting activist investors Arjuna Capital and Follow This. The Houston oil company sued the investors in the US District Court for the Northern District of Texas to shut down a proposal they brought asking the company to speed up its greenhouse gas ...