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October 25, 2018

New York Sues ExxonMobil for Misleading Investors on Climate Risks
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New York is suing Exxon Mobil for deceiving shareholders over the
financial risks of climate change. The lawsuit charges that Exxon misled
investors over the value of its oil reserves, failing to account for
future regulations on CO2 emissions. The suit comes after a 3-year
investigation by the New York Attorney General's Office. In 2015, a
damning report by Inside Climate News and the Los Angeles Times revealed
that Exxon knew that fossil fuels contributed to climate change as early
as the 1970s, but did not take any action even as it covered up the
science.


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