Exxon Mobil is suing its shareholders to silence them about global warming

- Exxon Mobil is suing its shareholders to silence them about global warming - Shareholder groups Arjuna Capital and Follow This withdrew their resolution regarding reducing greenhouse gas emissions after Exxon Mobil filed a lawsuit - California Public Employees' Retirement System (CalPERS) is considering a vote against Chairman and CEO Darren Woods - Proxy advisory firm Glass Lewis & Co. has advised a vote against lead independent director Joseph L. Hooley due to Exxon Mobil's aggressive tactics against activist investors - The lawsuit against the investment funds represents a new chapter in the battle between corporate managements and shareholder activists over global warming and transparency - Exxon Mobil's lawsuit claims that the resolution violated SEC standards, yet shareholder resolutions are only advisory - The company complained about the burden of dealing with shareholder resolutions, but the costs are minimal compared to its profits - Exxon Mobil's legal fees on this case likely exceed the expense of dealing with the withdrawn proposal - The fossil fuel industry, including Exxon Mobil, is making extensive efforts to preserve a business model facing decline, including legal action and political lobbying against shareholders and activist resolutions.