Exxon Mobil prevails in New York climate change lawsuit
Environment
December 10, 2019 / 11:05 AM / Updated 5 minutes ago
Justice Barry Ostrager in Manhattan Supreme Court ruled that the state attorney general failed to produce any evidence that investors were misled. The case, filed in October 2018, was the first of several climate change lawsuits against major oil companies to go to trial.
The lawsuit by the office of New York State Attorney General Letitia James said that Exxon Mobil caused investors to lose up to $1.6 billion by falsely telling them it had properly evaluated the impact of future climate regulations on its business.
The lawsuit said the company told investors it was projecting the impact of future regulations by using a “proxy cost” of up to $80 per ton of carbon emissions in wealthy countries by 2040, but internally used figures as low as $40 per ton or none at all.
https://www.reuters.com/article/us-exxon-mobil-lawsuit/exxon-mobil-prevails-in-new-york-climate-change-lawsuit-idUSKBN1YE1ZU
I just wonder if the judge read the book "Blowout"................ by Rachel Maddow, to read what Exxon does, or the other one ..............................Private Empire: ExxonMobil and American Power
Book by Steve Coll
