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 sends a clear signal to the Board and management that the suit was unwarranted when there were other means to challenge the resolution at the SEC using a time-honored process short of legal action.
The attached report is a summary of investors who communicated their concerns publicly using different methods.
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