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The Guardian - UK
The Guardian - UK
Business
Alex Lawson

US oil company ExxonMobil sues to block investors’ climate proposals

ExxonMobil Exxon United States Follow This Oil SEC EPC
Exxon sign
ExxonMobil ‘clearly wants to prevent shareholders using their rights’, the activist investor Follow This said. Photograph: Karen Bleier/AFP files/AFP/Getty Images

The US oil company ExxonMobil has filed a lawsuit to block a vote on a climate resolution brought by a green activist, in move that will be watched closely by fossil fuel companies worldwide.

The company hopes to stop investors voting on a motion put forward by Follow This, a Dutch green activist investor group, which called for Exxon to accelerate its attempts to cut greenhouse gas emissions.

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