Climate Activists Target Exxon's Lawyer, A Prominent Democratic Donor
rmcohen.substack.com
Over the last few years, more than a dozen state and local governments have filed lawsuits against fossil fuel companies—in attempts to hold them liable for their role in perpetuating the climate crisis. This week, a decision came down in a case between ExxonMobil and the State of New York, and New York lost. The New York attorney general had charged Exxon with securities-fraud, saying the oil company withheld pertinent information about the future costs of climate change and environmental regulations from its shareholders. The NY State Supreme Court judge, called the allegations “hyperbolic” and rejected the suit. It’s a real blow for those who hoped other jurisdictions might bring similar claims, as New York has a particularly strong law against shareholder fraud.
Climate Activists Target Exxon's Lawyer, A Prominent Democratic Donor
Climate Activists Target Exxon's Lawyer, A…
Climate Activists Target Exxon's Lawyer, A Prominent Democratic Donor
Over the last few years, more than a dozen state and local governments have filed lawsuits against fossil fuel companies—in attempts to hold them liable for their role in perpetuating the climate crisis. This week, a decision came down in a case between ExxonMobil and the State of New York, and New York lost. The New York attorney general had charged Exxon with securities-fraud, saying the oil company withheld pertinent information about the future costs of climate change and environmental regulations from its shareholders. The NY State Supreme Court judge, called the allegations “hyperbolic” and rejected the suit. It’s a real blow for those who hoped other jurisdictions might bring similar claims, as New York has a particularly strong law against shareholder fraud.