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Exxon Mobil pursues declaratory judgment action against shareholder proposal

January 2024

Client(s) Exxon Mobil Corporation

Jones Day is representing Exxon Mobil Corporation in seeking a declaratory judgment that it may exclude from its proxy statement under SEC Rule 14a-8 a shareholder proposal from activist organizations Arjuna Capital and Follow This that calls for targets to reduce Scope 1, 2, and 3 greenhouse gas emissions.

Exxon Mobil Corp. v. Arjuna Capital LLC, No. 4:24-cv-00069 (N.D. Tex.)

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