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World Business Report: First broadcast 22/01/2024 15:32 GMT : US oil company ExxonMobil sues investors to block climate petition

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US oil company ExxonMobil sues investors to block climate petition

First broadcast 22/01/2024 15:32 GMT 

First broadcast 22/01/2024 15:32 GMT : US oil company ExxonMobil sues investors to block climate petition

BBC World Service - World Business Report, US oil company ExxonMobil sues investors to block climate petition

Exxon says the US and Dutch investors are driven by an "extreme agenda"

Oil giant ExxonMobil has sued climate activist investors in a bid to prevent their climate proposal from going to a vote at its annual investor meeting.

ExxonMobil - one of the one of the world's largest publicly traded international oil and gas companies, has filed a lawsuit against two investment groups that have proposed a shareholder vote on new climate targets. 

Follow This, an activist-investor fund in Amsterdam, and Arjuna Capital, an investment adviser, want Exxon to speed up its reduction of carbon emissions. However, the oil giant says the investors are driven by “an extreme agenda”.

Also, we will find out why Australia has stopped taking applications for Golden Visas and how a new Malaria vaccine will increase GDP in Africa.

(Picture: Picture credit: Getty Images)

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First broadcast 22/01/2024 15:32 GMT : US oil company ExxonMobil sues investors to block climate petition

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