ExxonMobil Reports Stellar Q4 Earnings and Challenges Activists’ Climate Proposal

In a rather significant move, ExxonMobil has lodged a complaint against Arjuna Capital LLC and Follow This. The company seeks a declaratory judgment to exclude a climate-related shareholder proposal from its 2024 annual meeting proxy statement. This proposal is pushing for Exxon to expedite the reduction of GHG emissions while disclosing new plans, targets, and timetables.