Why Exxon Is Suing Its Shareholders
Last month, ExxonMobil sued two of its “activist investors” — groups that try to use shareholder resolutions to pressure companies into taking action on social and environmental problems — in an attempt to block a proposal for the oil giant to limit its climate pollution from coming to a vote at an upcoming shareholder meeting. […]
Investors ‘See Past Greenwash’ as Quarter of Shareholders Refuse to Approve Barclays’ Climate Strategy
Barclays shareholders have rejected calls to accelerate a phase-out of fossil fuel financing, but a quarter remain unconvinced by the bank’s current approach to tackling climate change. Over 100 investors representing more than $4 trillion of funds had filed a resolution with campaign group Market Forces to ask Barclays to set distinct targets in line […]