Judge Rules for Exxon Mobil in Suit Over Climate Regulations
|12/10/2019||Posted by BusinessMediaguide.Com under General World News||
Exxon Mobil prevailed Tuesday in a lawsuit accusing the energy giant of downplaying the toll that climate change regulations could take on its business, with a judge saying the state attorney general’s case didn’t prove the company deceived investors — but also didn’t excuse it of any accountability for global warming.
New York Attorney General Letitia James’ office didn’t prove “that Exxon Mobil made any material misstatements or omissions about its practices and procedures that misled any reasonable investor,” state judge Barry Ostrager in Manhattan wrote.
“Nothing in this opinion is intended to absolve Exxon Mobil from responsibility for contributing to climate read more >>>