ExxonMobil (XOM) Faces Opposition Over Climate Activist Lawsuit
XOMExxonMobil(XOM) zacks.com·2024-05-28 00:31

Exxon Mobil Corporation (XOM) is facing significant backlash from major investors due to its recent legal actions against climate activist investors. The fund, managed by Norges Bank Investment Management (“NBIM”), announced that it would vote against the reappointment of ExxonMobil’s directors due to the company's lawsuit targeting climate activist investors. This decision comes in response to XOM’s lawsuit targeting two small investor groups advocating for the company to take stronger measures to reduce g ...