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ExxonMobil

Exxon Investigated for Climate Change Lies

ExxonMobilExxonMobil is under investigation by the New York attorney general for possibly lying about the risks of climate change, the New York Times reports.

The newspaper cites people with knowledge of the investigation and says New York attorney general Eric T. Schneiderman issued a subpoena Wednesday evening to Exxon that demands financial records, emails and other documents.

According to a series of reports by Inside Climate News published last month, Exxon scientists conducted cutting-edge climate research decades ago and then led efforts to block anti-climate change action.

Exxon called the reports “inaccurate and deliberately misleading.”

This week Environmental Defense Fund President Fred Krupp was among 49 leaders from environmental, indigenous and civil rights groups signing a public letter asking US Attorney General Loretta Lynch to launch a probe to determine whether Exxon “knew about the dangers of climate change even as it funded efforts at climate denial and systematically misled the public.”

 

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4 thoughts on “Exxon Investigated for Climate Change Lies

  1. What Schneiderman fails to understand is that is Exxon paid for the research themselves than they can do whatever they want with it, including suppressing it. Much, much more disturbing are the allegations that Exxon funded climate change denial efforts. That’s what eco-warriors like Schneiderman should be looking into.

  2. But that’s exactly one thing that Schneiderman is looking into – allegations that Exxon funded climate change denial efforts. And he is specifically not looking into what Exxon is doing with the research that they funded (indeed they appear to not be ‘doing’ much of anything with it). Go read the NY Times article. Here is one quote: “the inquiry would include a period of at least a decade during which Exxon Mobil funded outside groups that sought to undermine climate science, even as its in-house scientists were outlining the potential consequences — and uncertainties — to company executives.”
    And Exxon can suppress their own research as much as they want; but they shouldn’t be lying about climate change to the public or to any governing bodies that may be contemplating climate-change-motivated legislation that could affect Exxon. That lie-based manipulation of public policy is directly contrary to the public good and to national interests.

  3. Exxon’s Board of Directors and Executives, as a public company, have a fiduciary duty to the shareholders. If they were lying to cover up critical information that would determine the investment risk taken when buying the publicly traded stock, this is illegal. This is why the SEC is involved. By law, a public company must disclose “materially significant” information as to the risk of the investment.

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