Alva Review-Courier -

Exxon trial probes how oil giant accounts for climate change

 

October 20, 2019



NEW YORK (AP) — New York's attorney general is accusing Exxon Mobil of lying to investors about how profitable the company will remain as governments impose stricter regulations to combat global warming.

The lawsuit, which is set to go to trial Tuesday, claims the Texas energy giant kept two sets of books — one accounting for climate change regulations and the other underestimating the costs — to make the company appear more valuable to investors.

Exxon denied the allegations, calling them politically motivated, and said the company looks forward to being exonerated in court.

At stake...



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