This article discusses the court case against Exxon for lying to its investors about climate change. At a hearing to force the oil giant to turn over more records, the attorney general’s office said it had found ‘smoking guns’ suggesting Exxon misled investors.
A New York state judge ordered ExxonMobil on Wednesday to quickly turn over some of the documents sought by the state attorney general’s office, which is investigating whether the oil giant misled investors about the risks posed by climate change.
But Justice Barry R. Ostrager allowed the company to withhold one batch of the financial records, saying Exxon could instead respond to questions from the attorney general’s investigators about their contents.
Exxon agreed to turn over other records that it had provided to the U.S. Securities and Exchange Commission, which earlier this month ended its own investigation into the company’s climate accounting practices without taking action.