In a significant development in corporate governance, Federal Judge Mark Pittman has dismissed Exxon’s lawsuit against Arjuna Capital. This legal battle was incited by a climate change shareholder proposal from Arjuna, which Exxon claimed was detrimental to its business. The case became moot after Arjuna Capital pledged to withdraw the proposal and committed to refraining from submitting similar proposals in the future. For more details on the court’s decision, click here.