Federal Appeals Court Dismisses Lawsuit Challenging SEC's ESG Proxy Vote Rule
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#e293caf6 ver:0.16

The backlash against ESG investing continues as Exxon Mobil dismisses a lawsuit challenging the SEC's ESG proxy vote rule. Activist groups are pushing for Exxon to report greenhouse gas emissions, but Exxon's lawsuit led them to withdraw their proposal. The SEC's changes to shareholder proposal rules have empowered fringe shareholders, diverting resources from innovation and job creation. Europe, however, has resisted the anti-ESG tide with strong political and consumer support for greener products and robust regulations. The contrasting experiences of Europe and the United States highlight the importance of political will and regulatory measures in shaping sustainable finance. #ESG #investing #regulation...

#newstr #Sec #Esg #ProxyVote #Lawsuit #InvestmentFunds 

 https://here.news/story/e293caf6?ver=0.16