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ExxonMobil: Why the lawsuit against climate shareholders was dismissed

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Published: June 20th, 2024,
Last updated: May 28th, 2025

Darren Woods, CEO von Exxon Mobile
Darren Woods, CEO of ExxonMobil, still sees a future for fossil fuels beyond 2050.

On Monday, a US district court dismissed a lawsuit filed by oil giant ExxonMobil against the activist group Arjuna Capital. In addition to Arjuna Capital, Exxon had also sued Follow This. Exxon’s accusation: The organizations had „abused“ the voting procedure at the shareholders’ meeting and „infiltrated“ it as activists. They had tried to persuade Exxon to take more climate action – without success. The lawsuit was dropped because Arjuna Capital agreed not to submit any further voting proposals at the shareholder meetings and not to submit any proposals regarding Exxon’s greenhouse gas emissions. However, Exxon has the option to file another lawsuit.

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Klimaaktivisten