Exxon Accuses California Of Climate Change Hypocrisy

10 Jan 2018   Climate

Exxon has called out a deliberate discrepancy between statements made by several California municipalities and cities in lawsuits against it and more than a dozen other energy companies, and information the same municipalities and cities have put in their bond offerings from the last few years. The company has asked a California district court for permission to question a number of government officials and an attorney from Hagens Berman, arguing that these individuals have told the court one thing in their lawsuits against Exxon and a completely different thing to prospective bondholders about the effect of the energy industry on the local environment. For example, Exxon says, in its court filing against energy companies, San Mateo County has stated that it is very vulnerable to rising sea levels with a 93-percent risk of suffering a devastating flood before 2050. At the same time, however, two bond offerings, one from […]

Comments are closed.