Home
About Us
Exxon Mobil is taking on some of the world's biggest investors over their push for climate change policies, and the oil giant says it's going to fight back in court.
The company filed a lawsuit last week against B-Corp, one of the world's biggest investors in private companies, and two other investors who had been pushing for a vote on climate change policies at Exxon's annual meeting this year, the Wall Street Journal reports.
Exxon says the investors are simply trying to put pressure on the company.
"ExxonMobil has a long history of being a socially responsible company," the company said in a statement.
"We believe our approach is consistent with our shareholders' best interests."
B-Corp, which invests on behalf of both private families and institutions, argues that fossil fuel companies are guilty of climate change and other environmental issues, and it wants Exxon to disclose more about how it plans to transition away from fossil fuels.
A blogger at Forbes, however, says the lawsuit looks a lot like a trend in the US toward more socially responsible investments.
"One wonders whether this would have happened just a few years ago, or whether this bold action against investors looking to accelerate a sustainability agenda is something that aligns with a current shift in perspective,"
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
California must consider how to increase interest in teaching and lower the cost of and barriers to entering the profession.AB-1128, a bill under consideration in the legislature, proposes a...more
Mondelēz's Sustainable Futures Impact Investment platform said the capital "further advance[s] scalable, high-impact solutions at the nexus of climate, community, and circularity" The companies...more
South African recycling startup Regenize has secured an undisclosed investment from E Squared Investments.The deal combines philanthropic goals with venture capital methods to support scalable,...more
Cambridge-based Remedium was named winner of the Climate Impact Prize at the Net Zero Technology Centre's annual TechX Demo Day in Aberdeen.The prize is given to the startup with the most promising...more
Sustainable Times is a media partner for this event, which takes place on June 24-25, 2025, at ExCeL London, as part of London Climate Action Week.RESET Connect provides a network of potential...more
Rad AI announces an additional $8 million investment led by four health systems.Advocate Health, Memorial Hermann Health System, Corewell Health, and Atlantic Health System lead the investment.Rad AI...more
MedTech CellCentric has raised 90m in fresh funding.The money will support the advancement of the Cambridge company's oral treatment for multiple myeloma, inobrodib.The financing was co-led by RA...more
Impact investing can be a valuable financial tool for private-market investors seeking to manage risk.Impact funds direct capital to companies that generate impact environmental and social...more
Impact Investing Principles for Pensions updated to reflect changing market environment.Pensions Age Magazine is published by Pensions & Investment Association.For more information, visit...more
Measuring AI's impact requires clear metrics.To evaluate AI's return on investment (ROI), healthcare organizations focus on four key metrics in the contact center.Narrowing AI implementation to...more
Social Innovation News from...
MacArthur Foundation
Skoll Foundation
Rockefeller Foundation
Changemakers
Social Entrepreneurship
Spotlight
When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.
