July 19, 2024

Brighton Journal

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Judge files Exxon lawsuit against climate activist Arjuna

Judge files Exxon lawsuit against climate activist Arjuna

A federal judge in Texas on Monday dismissed a controversial lawsuit filed by Exxon Mobil Corp against activist shareholder Arjuna Capital over a climate proposal, ruling that the investor’s promise not to file a similar resolution in the future made the issue moot.

“Arjuna has dismissed any issue or controversy between the parties here, and Exxon’s claim is moot and should be dismissed without prejudice,” U.S. District Judge Mark Pittman for the Northern District of Texas wrote in his ruling after a hearing on Monday.