Friday, 26 October 2018

Lawsuit alleges ExxonMobil deceived shareholders on climate change rules

Source: The Guardian, 24th October 2018, Oliver Milman and Emily Holden

Oliver Milman and Emily Holden reported, "Legal action claims the company hid the true extent of its financial risk to laws that would curb greenhouse gas emissions - New York is suing the oil giant ExxonMobil in a lawsuit that claims the company engaged in a “longstanding fraudulent scheme” to downplay the risks posed to its business by climate change regulations. The legal action, launched by New York state attorney general Barbara Underwood, alleges that ExxonMobil deceived its investors by hiding the true extent of its financial exposure to laws aimed at curbing greenhouse gas emissions. (...)"

Read more at: https://www.theguardian.com/business/2018/oct/24/lawsuit-alleges-exxonmobil-deceived-shareholders-on-climate-change-rules