US SEC will not pursue charges against climate group, warns of disclosure obligations

The US Securities and Exchange Commission investigated a climate group related to ExxonMobil's shareholder meeting in May 2021. After the investigation, the SEC decided not to pursue any charges against the group. However, the SEC expressed concerns regarding the actions of the group during the meeting. The SEC has emphasized the need for large shareholders to understand their regulatory obligations ahead of the 2027 proxy season.