U.S. Judge Dismisses Exxon’s Lawsuit Against Activist Investor

A U.S. district judge has dismissed a lawsuit filed by ExxonMobil against shareholder Arjuna Capital after ruling that the case is now moot after the activist investor had withdrawn a climate proposal and promised not to file similar proposals in the future.   The dispute between the U.S. supermajor and Arjuna Capital emerged early this year, when Exxon sued Arjuna and Follow This in a Texas district court, aiming to block their climate proposals from going to a vote at the annual shareholder meeting, in the first such…