Exxon plays hardball against climate NGOs. Will investors care?

📆 2024-05-28 10:17 PM
📰 brieflyza

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ExxonMobil investors will have a chance to weigh in at Wednesday's annual meeting on the company's hardball approach to the latest shareholder challenge from environmentalists over climate change. ExxonMobil argued that the proposal was the same as one rejected by nearly 90 percent of company shareholders at the 2023 meeting.

ExxonMobil's aggressive posture towards climate activists has drawn criticism from Norway's sovereign wealth fund and others. Photo: Michael M. Santiago / GETTY IMAGES NORTH AMERICA/Getty Images via AFP/FileExxonMobil investors will have a chance to weigh in at Wednesday's annual meeting on the company's hardball approach to the latest shareholder challenge from environmentalists over climate change.

Its suit, which includes seeking legal fees, has drawn criticism from shareholders like Norway's sovereign wealth fund and California Public Employees' Retirement System . CalPERS said it would vote against all 12 board nominees"to send a message that our voices will not be silenced."

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