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Exxon Wins Round One in Lawsuit Against Climate Activist Investor: Report

A U.S. judge reportedly allowed a lawsuit from Exxon Mobil Corporation (NYSE:XOM) against an activist shareholder group that is seeking to bar their climate resolution. The lawsuit raised alarm among activists and proxy advisers who argued it would muzzle debate among shareholders and public companies, Reuters reported. Notably, in January, Exxon sued climate activist groups Arjuna Capital and shareholder activist group Follow This, stating that it would not drop the matter after they agreed to withdraw their petition, citing "the likelihood" the pair could file similar resolutions in the future. On Wednesday, U.S. District Judge ...