Exxon Mobil prevails in lawsuit over climate regulations
December 11, 2019
NEW YORK (AP) — Exxon Mobil won Tuesday in a closely watched lawsuit over the costs of climate change, with a judge saying there was no proof the energy giant duped investors about the toll that regulations could take on its business.
New York Attorney General Letitia James' office didn't prove the company made any material misstatements "that misled any reasonable investor," state judge Barry Ostrager in Manhattan wrote in dismissing the case.
"Nothing in this opinion is intended to absolve Exxon Mobil from responsibility for contributing to climate change through the emission of greenh...