Exxonmobil Is Suing Investors Who Want Faster Climate Action


credit: disabilityaids

ExxonMobil is in the midst of dozens of lawsuits from states and localities accusing the company of lying about its role in climate change and the dangers of burning fossil fuels.

Now, the oil giant is going on the offensive, suing two investor groups that want it to do more to address climate change, CNBC reports.

The groupsthe Interfaith Center on Corporate Responsibility and Follow Thishave filed shareholder proposals every year for years asking ExxonMobil to reduce its greenhouse gas emissions.

"Exxon is really upping the ante here in a big way by bringing this case," says Josh Zinner, chief executive of the investor coalition, whose members include a defendant in the ExxonMobil case.

"Other companies could use this tactic not just to block resolutions, but to intimidate their shareholders from even bringing these [climate] issues to the table."

ExxonMobil says the shareholder proposals created by the investor groups are illegal because the US Securities and Exchange Commission isn't enforcing rules governing investor proposals.

The founder of Follow This says ExxonMobil is trying to stifle shareholders.

"Apparently, ExxonMobil does not want shareholders to vote on whether the company should accelerate efforts to reduce emissions," he says.

"This is the concern of more and more investors who want [to] safeguard the long-term future of the company and the Read the Entire Article


Selected Grant News Headlines

A customized collection of grant news from foundations and the federal government from around the Web.

Leading Impact Investors and Philanthropists Convene for
Foundation: Silicon Valley Community Foundation, California Endowment

In 2024, Los Angeles will host the Mission Investors Exchange 2024 National Conference, an annual conference that brings together more than 750 philanthropy and impact investing leaders from across...more

Leading Impact Investors and Philanthropists Convene for Mission Investors Exchange 2024 ...
Foundation: California Community Foundation, California Endowment

Ava DuVernay financed her latest film with money from the Giving Pledgean initiative of the California Endowment, the largest US foundation to commit its entire $4 billion portfolio to social and...more

New Inclusive Creative Economy Strategy to Demonstrate That the U.S. Creative ...
Foundation: Marguerite Casey Foundation, Marguerite Casey Foundation, Rockefeller Philanthropy Advisors, Skoll Foundation, Target Foundation, Ford Foundation, Philadelphia Foundation, Rockefeller Foundation

"The US creative economy was most recently valued at over $1 trillion by the National Endowment for the Arts," per a press release, "even before considering film, fashion, video games, beauty, food,...more

Exxonmobil Is Suing Investors Who Want Faster Climate Action

ExxonMobil is in the midst of dozens of lawsuits from states and localities accusing the company of lying about its role in climate change and the dangers of burning fossil fuels. Now, the oil...more

Firstenergy Corp. Expenses Under Scrutiny

An auditor hired by the West Virginia Public Service Commission to look into two electric companies owned by FirstEnergy found evidence of wrongdoing, but it's not clear whether the companies...more

What Is a Program Related Investment?
Foundation: Gates Foundation

Bill and Melinda Gates are putting their money where their mouth is. The world's two biggest philanthropists have each donated $50 million to the Bill and Melinda Gates Foundation, CNN...more

Exploring the Potential of Satellite-Based Mission Investment and Financing
Foundation: Gates Foundation

There's a new way of helping the world's poorest people, and it doesn't involve sending in satellites. Instead, the Bill and Melinda Gates Foundation is putting its money where its mouth is,...more

U.S. Impact Investing Alliance Names John Palfrey, President of the John D. and ...
Foundation: MacArthur Foundation, Ford Foundation

"To meet the challenges of our time, foundations must deploy resources across the full spectrum of capital, including grants, catalytic capital, and endowment investments that align with mission and...more

U.S. Impact Investing Alliance Names John Palfrey, President of the John D ...
Foundation: MacArthur Foundation, Ford Foundation

"To meet the challenges of our time, foundations must deploy resources across the full spectrum of capital, including grants, catalytic capital, and endowment investments that align with mission and...more

U.S. Impact Investing Alliance Names John Palfrey, President of the John D. and ...
Foundation: MacArthur Foundation, Ford Foundation

"To meet the challenges of our time, foundations must deploy resources across the full spectrum of capital, including grants, catalytic capital, and endowment investments that align with mission and...more





PRI News from...


Kresge Foundation


Social Entrepreneurship
Spotlight



Philanthropy Shaping A New Miami


Many people, organizations and businesses in Miami are actively committed to philanthropy. As Javier Alberto Soto, president and CEO of the Miami Foundation, puts it, “Miami is home to a young, diverse demographic that’s looking for ways to get involved, ways to improve our community that aren’t traditional, like a formal gala.”



Federal Government Grant and Assistance Programs


Disaster Assistance Loans (Disaster Relief Appropriations Act) | ITA Special Projects | Payments in Lieu of Taxes | Affordable Care Act (ACA) Grants for New and Expanded Services under the Health Center Program | Charter Schools | Department of Defense Appropriation Act of 2003 | National Clean Diesel Funding Assistance Program | Civil Legal Assistance Attorney Student Loan Repayment Program | | Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy

Edited by: Michael Saunders

© 2008-2025 Copyright Michael Saunders