Exxon Mobil Corp on Sunday filed a complaint in a Texas court seeking to prevent a climate proposal by activist investors from going to a vote during the company’s shareholder meeting in May.
This is the first time Exxon is seeking to exclude a shareholder proposal by filing a complaint in court.
It says the investors are “driven by an extreme agenda” and that adopting stricter emission goals would be detrimental to its business and share value.
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