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Religious investors urge Exxon to drop lawsuit against activist shareholders

In a letter seen by Reuters on Thursday, the group said the action by Exxon is a broad threat to shareholder rights ....

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Religious investors urge Exxon to drop lawsuit against activist shareholders

(Reuters) -A group of religious investors urged Exxon Mobil to drop a lawsuit against climate activists, saying in a letter to the energy company's board seen by Reuters on Thursday that the action is a broad threat to shareholder rights. "This unprecedented suit risks alienating shareholders, harming Exxon’s reputation, and undermining the Securities and Exchange Commission" (SEC) by sidestepping the usual regulatory path companies use to block resolutions, states the Feb. 7 letter from the Interfaith Center on Corporate Responsibility. The group represents religious investors and other socially minded institutions with some $4 trillion in total assets. ....

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Religious investors urge Exxon to drop lawsuit against activist shareholders

Religious investors urge Exxon to drop lawsuit against activist shareholders
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ANALYSIS-Activist investors fret over Exxon Mobil's lawsuit bypassing US regulator

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices. ....

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Activist investors fret over Exxon Mobil's lawsuit bypassing US regulator

Activist investors fret over Exxon Mobil's lawsuit bypassing US regulator
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