NY Times: Did Exxon Deceive Its Investors on Climate Change?

In an OP-ED in the New York Times, the director of the Rockefeller Family Fund states that EXXON systematically lied to the public and to its stockholders about the risks of climate change and EXXON's major contributions to the catastrophic damage climate change will inflict on humanity and on biodiversity.  

 

 To read the complete article, see:

https://www.nytimes.com/2019/10/21/opinion/exxon-climate-change.html

 

By Lee Wasserman

Oct. 21, 2019

"New York’s attorney general is about to square off against the oil giant in court. 

Illustration by Delcan & Company; Photograph by Joshua Sheppard/EyeEm, via Getty Images

The New York attorney general’s office will take its case against Exxon Mobil to trial on Tuesday, arguing that one of the world’s largest oil and gas companies misled its shareholders and the public by misrepresenting the risks that climate change poses to the value of its oil and gas assets.

The lawsuit is one of several the company is facing that if successful, would force Exxon Mobil, which took in some $290 billion in revenue last year, to account for the true costs of its nature-crushing fossil fuel business, making it less competitive with wind, solar and other renewable energy sources and thus accelerating the transition to a clean-energy economy."

To read the complete article, see:

https://www.nytimes.com/2019/10/21/opinion/exxon-climate-change.html