US SEC will not pursue charges against climate group, warns of disclosure obligations
XOM•The SEC said it will not pursue charges against a climate group it investigated over its actions at a May 2021 ExxonMobil shareholder meeting. It also warned that large shareholders need to understand their disclosure obligations ahead of the 2027 proxy season.
1. SEC investigation and warning
The SEC said it investigated the climate group's actions in connection with the May 2021 ExxonMobil shareholder meeting and chose not to pursue charges. The agency said it had concerns about the group's actions and warned that large shareholders need to understand their regulatory disclosure obligations ahead of the 2027 proxy season.
