What Exxon Mobil Didn’t Say About Climate Change

24 Aug 2017   Climate

The Exxon Mobil refinery in Torrance, Calif. In a 1997 ad the company said, “We still don’t know what role man-made greenhouse gases might play in warming the planet.” Scrutiny is mounting on the world’s largest publicly traded oil and gas company. On multiple legal fronts the question is being asked: Did Exxon Mobil’s communications about climate change break the law? That’s what some of Exxon Mobil’s current and former employees think. In February, they filed a lawsuit arguing that the company deceived them by making false and misleading statements about the financial risks of climate change, which they argue affected the value of shares they bought as part of a company-sponsored savings plan. Other Exxon Mobil shareholders are bringing similar charges against the company in a separate class-action securities fraud case. And just last month, three California communities sued 37 oil, coal and gas companies, including Exxon Mobil, […]

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