Investors denounce ExxonMobil suit against climate activist-shareholders as an attack on their rights
India, Feb. 27 -- Shareholder-activists at the Interfaith Center on Corporate Responsibility urged Exxon's board to convince the company's management to end the lawsuit
Shareholders are putting up a fight against the lawsuit by ExxonMobil Corporation that aims to shut down their efforts to question the company's environmental policies.
The Interfaith Center on Corporate Responsibility (ICCR) announced February 8, 2024 that it had sent a letter to the oil major's board of directors , requesting they urge management to abandon a lawsuit against shareholder proponents calling for disclosures related to the company's climate risk management.
The letter said that the "costly and unnecessary suit constitutes a serious threat to shareholder r...
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