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https://www.wsj.com/enterprise/energy-oil/exxon-sues-two-esg-investors-2057e696?mod=Searchresults_pos1&web page=1
Exxon Mobil XOM -0.16percentdecrease; purple down pointing triangle is suing two sustainable funding corporations in a bid to dam them from placing ahead a shareholder proposal that might commit the oil firm to additional curb its greenhouse-gas emissions and goal its clients’ emissions.
In a federal lawsuit filed in Texas on Sunday, the Houston-based oil big stated funding corporations Arjuna Capital and Comply with This grew to become Exxon shareholders solely to place ahead proposals that might “diminish the corporate’s present enterprise.”
Creator: Christopher Okay. Merker, Ph.D., CFA
Christopher Okay. Merker, PhD, CFA, is a director with Personal Asset Administration at Robert W. Baird & Co. He holds a PhD in funding governance and fiduciary effectiveness from Marquette College, the place he has taught the course “Sustainable Finance” since 2009. Government director of Fund Governance Analytics (FGA), an ESG analysis partnership with Marquette College, he’s a member of the CFA Institute ESG Working Group, a world committee at the moment exploring ESG requirements, publishes the weblog, Sustainable Finance, which covers present matters round governance and sustainability in investing, and is co-author of the e-book, The Trustee Governance Information: The 5 Imperatives of twenty first Century Investing.
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