US oil company ExxonMobil has sued to block a vote on a climate motion brought by a green activist, a move that will be closely watched by fossil fuel companies around the world. The company filed the lawsuit in U.S. District Court in Texas on Sunday, arguing that the proposal violates SEC investor solicitation rules. Last year, ExxonMobil announced that it plans to reduce greenhouse gas emissions from its operations to zero by 2050. After newsletter promotionFollowThis's Mark van Baal said: “With this remarkable move, ExxonMobil clearly wants to prevent shareholders from exercising their rights. Gross EPC emissions increase by more than 5% to 2.81m tonnes CO2 equivalent in 2022, up from 2.66m in 2021.

Source: The Guardian January 22, 2024 15:28 UTC