The New York attorney general has sued Exxon Mobil for deceiving investors about how much climate change will affect its business. It’s the latest legal trouble for the fossil fuel corporation, which has long been under investigation by the New York attorney general, in addition to being sued by cities on both coasts.
According to today’s lawsuit, Exxon claimed that its business would be fine even given increasing climate change regulation. In reality, the suit alleges, the company “employed internal practices” that put company profits at a higher risk than shareholders were led to believe. The suit, brought by current NY Attorney General Barbara Underwood, demands that Exxon return the money it made through fraud. Though no number is...
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