Exxon Mobil Corporation (XOM)
- Reuters
UPDATE 2-Exxon must face Massachusetts climate change lawsuit, court rules
Massachusetts' high court on Tuesday unanimously rejected Exxon Mobil Corp's bid to dismiss a lawsuit by the state's attorney general accusing the oil company of misleading consumers and investors about climate change and the dangers of using fossil fuels. The Massachusetts Supreme Judicial Court said Attorney General Maura Healey could pursue what Exxon called a politically-motivated case that it claimed violated a state law protecting defendants from lawsuits designed to silence them. Justice Scott Kafker, writing for the 7-0 court https://tmsnrt.rs/3NwEzmj, said the statute protecting against strategic lawsuits against public participation only applied to private lawsuits, not government enforcement actions.
- Reuters
Proxy advisor urges Exxon shareholders to oust Woods as chairman
HOUSTON (Reuters) -British proxy adviser PIRC on Monday urged Exxon Mobil Corp shareholders to vote against the re-election of five directors, including Chairman Darren Woods, at an annual general meeting on Wednesday. PIRC, or Pensions & Investment Research Consultants, is the latest proxy firm to urge investors to oppose proposals by the oil major's board. PIRC said Woods, which also serves as chief executive officer, should be held accountable as chairman for assuring the company's strategy to meet Paris-aligned goals to reduce carbon emissions.
- Reuters
UPDATE 2-Proxy advisor urges Exxon shareholders to oust Woods as chairman
British proxy adviser PIRC on Monday urged Exxon Mobil Corp shareholders to vote against the re-election of five directors, including Chairman Darren Woods, at an annual general meeting on Wednesday. PIRC, or Pensions & Investment Research Consultants, is the latest proxy firm to urge investors to oppose proposals by the oil major's board. Other large oil companies have enjoyed an easy ride at shareholder meetings https://www.reuters.com/business/energy/big-oil-gets-investor-reprieve-energy-worries-trump-climate-concerns-2022-05-13 so far in 2022 when compared with last year's meetings.
