Exxon Mobil Corporation (XOM) faced a setback as a federal judge in Texas dismissed its lawsuit against activist investor Arjuna Capital. The oil giant had sought to prevent a shareholder proposal by Arjuna Capital that called for significant reductions in the company’s greenhouse gas emissions. Judge Mark T. Pittman of the U.S. Court for the Northern District of Texas ruled that the case was moot because Arjuna Capital had withdrawn its proposal and promised not to submit similar proposals in the future. I ...