Exxon faces shareholder uprising over climate policies, legal tactics

ICCR Climate Crisis Issue Brief One, June 2024 The transition to carbon-neutral economies will require a vast quantity of minerals. In essence, we must shift from a fossil fuel-intensive economy to one based on minerals, which are needed to harness and store the energy in natural systems. Due to their importance in new technologies, economic […]

HOUSTON, June 17 (Reuters) – A U.S. judge on Monday dismissed a lawsuit Exxon Mobil (XOM.N) had filed against activist group Arjuna Capital after the group had agreed not to pursue future proxy filings at the company’s annual meetings.

The 2024 corporate annual general meeting season has begun, and that means it’s time to vote your proxy ballots. Why is voting proxy ballots so important?  The shareholder proposal process allows both large and small shareholders to alert corporate boards and the investor community to their concerns and to request timely action on emerging, or neglected, issues. A […]

On January 21, ExxonMobil filed a case in the Fifth Circuit Court in Dallas, Texas suing two shareholders, Arjuna Capital and Netherlands-based FollowThis, who had dared to file a proposal requesting that the company do more to reduce its greenhouse gas (GHG) emissions to help counter the growing climate crisis. The lawsuit set in motion […]

Days after environmental advocacy group Liveable Arlington released a report on pollution emitted from Arlington’s natural gas drilling sites, Jennifer Quick stood before City Council May 28 to ask some questions. Have officials done any research beyond what natural gas companies have told them about pollution? Have they proposed ways to make residents safer?

Tackling methane is the easiest, cheapest way to reduce climate pollution and stimulate local economies

CONTACT:Susana McDermottDirector of CommunicationsInterfaith Center on Corporate Responsibility (ICCR)201-417-9060 (mobile)smcdermott@iccr.org NEW YORK, NY, WEDNESDAY, MAY 29, 2024 – As votes from today’s annual meeting of ExxonMobil shareholders were tallied and preliminary results announced, it became clear that the company’s hostile campaign directed towards its own shareholders had taken its toll. While shareholder support for this […]

Single-use plastics also on the ballot at oil companies, in the latest from proxy-voting season.

ExxonMobil’s court suit against two investors who filed a shareholder resolution on climate change has resulted in a chorus of opposition by investors who vigorously opposed the case with many publicly declaring that they are voting against members of the Board to signal their deep concern. This outpouring of investor opposition is virtually unprecedented and […]

An Arlington watchdog group says a report from a six-month investigation of Arlington gas well sites released on Thursday proves what they’ve been warning for years — that gas wells in suburban DFW are chronically leaking dangerous emissions, putting residents at risk.

Advocates had hoped Susan Avery’s nomination would be a turning-point moment for the company’s climate approach. It wasn’t.

CONTACT:Susana McDermottDirector of CommunicationsInterfaith Center on Corporate Responsibility (ICCR)201-417-9060 (mobile)smcdermott@iccr.org NEW YORK, NY, THURSDAY, MAY 23, 2024 – Members of ICCR and investors in TotalEnergies are responding to the release of a new report by EarthWorks and the FracTracker Alliance showing significant levels of emissions of methane and hazardous air pollutants like benzene from the […]