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Exxon Mobil Corp on Sunday filed a complaint in a Texas court seeking to prevent a climate proposal by activist investors from going to a vote during the company's shareholder meeting in May. This is the first time Exxon is seeking to exclude a shareholder proposal by filing a complaint in court. It says the investors are "driven by an extreme agenda" and that adopting stricter emission goals would be detrimental to its business and share value.

Follow This and Arjuna Capital have called on Exxon to accelerate reductions in greenhouse gas emissions.

Exxon Mobil Corp. filed a lawsuit Sunday against two of its own shareholders, asking the court to block a proposal by activist investors aimed at cutting the oil giant’s emissions. Two of Exxon Mobil’s shareholders, environmentalist investor groups Follow This and Arjuna Capital, put forth a motion in December that would force a vote on…

Krist Novoselic, co-founder and bass guitarist for the seminal rock band Nirvana, recently led a shareholder proposal presentation urging Microsoft to…

Nirvana co-founder and bass guitarist Krist Novoselic led a recent shareholders' proposal presentation for a group of Microsoft investors with concerns about the company's rapid push to bring generative AI technology to market.