Judge Greenlights Exxon Lawsuit Against Activist Investor

A U.S. District Judge has ruled that Exxon can proceed with its lawsuit against activist investor Arjuna Capital, which wanted to force the company to make more advanced net-zero commitments. The judge, however, excluded Follow This, the other target of Exxon’s suit, due to jurisdictional obstacles. The activist investor group is based in the Netherlands and U.S. courts do not have jurisdiction over it, Judge Mark Pittman ruled, as reported by Reuters. In January, the two activist investor entities filed a proposal for Exxon shareholders…