Federal Judge Dismisses ExxonMobil's Climate Lawsuit Against Shareholders
Court rules case moot after Arjuna Capital and Follow This withdraw climate proposals and pledge not to resubmit.
- ExxonMobil sued Arjuna Capital and Follow This to prevent future climate-related shareholder proposals.
- Judge Mark Pittman dismissed the case, citing a lack of live controversy after the proposals were withdrawn.
- The lawsuit had raised concerns about stifling shareholder debate on climate issues.
- ExxonMobil and activist groups both claimed partial victories following the dismissal.
- The ruling underscores ongoing tensions between major corporations and climate activist shareholders.
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