Home
About Us
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.
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
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
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 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
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
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
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
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
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
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
Social Enterprise Shortlisted for First Citi Microentrepreneurship Awards
First Enterprise Business Agency (FEBA), a Nottingham-based business support organization, is a contender for two categories at the first Citi Microentrepreneurship Awards to be held this coming February.
