this post was submitted on 23 Jan 2024
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335
Exxon Sues to Prevent Climate Proposal From Getting a Shareholder Vote (www.nytimes.com)
submitted 10 months ago by MicroWave@lemmy.world to c/news@lemmy.world
24 comments fedilink hide all child comments
 

The complaint, filed in a U.S. District Court in Texas, said a proposal by activist investors calling for the oil giant to cut emissions faster would not create shareholder value.

Exxon Mobil is suing two activist investors to prevent their proposal calling for emissions cuts at the oil giant from going to a vote of shareholders.

In a complaint filed in U.S. District Court for the Northern District of Texas on Sunday, Exxon accused the investors, Arjuna Capital and Follow This, of abusing the process for proposing shareholder votes to advance their priorities with votes “calculated to diminish the company’s existing business.”

Arjuna filed a proposal in December for a nonbinding resolution that urged Exxon to accelerate its plans to reduce its carbon emissions and expand the scope of the emissions it measures to include its suppliers and customers. Follow This joined in support of the proposal shortly thereafter, according to the complaint.

The proposal “does not seek to improve ExxonMobil’s economic performance or create shareholder value,” Exxon said in the complaint, but is instead “constraining and micromanaging” the company’s operations.

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[–] thefartographer@lemm.ee 38 points 10 months ago (4 children)

When asked for comment, ExxonMobil cried and shit itself and said it wanted its Daddy. The active judge then disrobed, revealing his withered body and began to breastfeed ExxonMobil while saying "there's my special big boy, Daddy won't let the mean shareholders hold you accountable ever." When the judge's back was turned, reporters noticed a tattoo across his shoulders which read "Their Delicious Souls" with tattoos of dozens of screaming babies under it. One member of the plaintiff's council then shouted, "oh my God! Those aren't tattoos!" Everyone began to scream and run, but before they could exit the courtroom, scores of souls cursed in eternal damnation leapt from the judge's back and consumed victims in horrible ways that resulted in scarred visions this reporter will never unsee. "Amateurs," claimed ExxonMobil, who then shitted themselves one final time and the awful sludge rolled down their legs and killed an entire Brazilian tribe just before choking a bunch of ducklings for fun.

[–] TheaoneAndOnly27@kbin.social 19 points 10 months ago

I know it's getting harder and harder to distinguish between what's real and what's fake. So I'm just going to accept that this is absolutely 100% what happened.

[–] RubberElectrons@lemmy.world 9 points 10 months ago (1 children)

Wow. What the fuck is that from??

[–] thefartographer@lemm.ee 15 points 10 months ago* (last edited 10 months ago) (2 children)

My ass. I pulled it from my ass. You may quote it directly, it prefers being credited as "TheFartographer's Swampy Fun-Hole"

[–] RubberElectrons@lemmy.world 9 points 10 months ago

All credit directly to your ass, good sir. May your ass continue to wreak literary mayhem until this joke of an oligarchy fails (and maybe for a few days after too)

[–] quicklime@lemm.ee 2 points 9 months ago

It's as if you were channeling William Burroughs

[–] Hazmatastic@lemm.ee 7 points 10 months ago

Wow, what a ride of a comment. Thank you, TheFartographer's Swampy Fun-Hole

[–] wide_eyed_stupid@lemmy.world 4 points 9 months ago

Bloody hell. Your ass should create its own paper, it would be better than 90% of the media out there.