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With most companies not on track to reduce their carbon emissions, and investors speaking out to force them to change, it is essential we do all we can to protect those who are fighting for our planet.
ExxonMobil has filed an unprecedented lawsuit targeting its own investors who called on the company to do more to reduce emissions. Even though the shareholders withdrew their climate resolution, ExxonMobil is continuing its legal attack in what can only be viewed as an attempt to intimidate investors from raising future questions about the company's enormous contributions to the climate crisis.
ExxonMobil needs to hear that attempting to use its outsized resources to suppress consideration of climate action by its shareholders is unacceptable—write to ExxonMobil executives and tell them to drop the lawsuit.
As the climate crisis grows more dire, shareholders have an interest in understanding the financial risks posed by the company's delayed response to the crisis. There is already a process in place through the Securities and Exchange Commission to ensure that proposals meet legal thresholds, suggesting that ExxonMobil's lawsuit is purely an intimidation tactic to try to stop shareholders from continuing to raise concerns about its climate harms and failure to evolve its business model for the transition to clean energy.
Other investors, like the California Public Employees' Retirement System (CalPERS)—the largest US pension fund—are calling on ExxonMobil to drop the lawsuit and weighing whether or not to keep their investments in light of these tactics. Add your voice and tell ExxonMobil to stop bullying investors for raising concerns about climate change.